Thursday, April 29th ETF Movers: IIH, TAN, XBI, USO, UNG, PBTQ, VXX
In trading on Thursday, the Internet Infrastructure HOLDRS ETF (IIH) is outperforming other ETFs, up about 8.2% on the day.
Also knocking the cover off the ball today was the Claymore/MAC Global Solar Energy Index ETF (TAN) which was up 5.8%. The SPDR S&P Biotech ETF (XBI), and United States Oil Fund (USO) are up as well 2.9%, and 2.7% respectively. And underperforming other ETFs today is the United States Natural Gas Fund (UNG) dropping a stomach turning 8.3%. Also down for the day are the Global Biotech Portfolio ETF (PBTQ), off about 3.1%, and the iPath S&P 500 VIX Short Term Futures ETN(VXX) down 5.0% in Thursday afternoon trading.
About the Internet Infrastructure HOLDRS ETF (IIH)
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The investment seeks to diversify your investment in the Internet infrastructure segment of the Internet industry through a single, exchange-listed instrument representing your undivided beneficial ownership of the underlying securities. The trust holds shares of common stock issued by specified companies that, when initially selected, were involved in the Internet infrastructure segment of the Internet industry. Except when a reconstitution event, distribution of securities by an underlying issuer or other event occurs, the group of companies will not change. There are currently 14 companies included in the Internet Infrastructure HOLDRS.
About the United States Natural Gas Fund (UNG)
The investment objective of UNG is for the changes in percentage terms of the units’ net asset value to reflect the changes in percentage terms of the price of natural gas delivered at the Henry Hub, Louisiana, as measured by the changes in the price of the futures contract on natural gas traded on the New York Mercantile Exchange that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case it will be measured by the futures contract that is the next month contract to expire, less UNG’s expenses.
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