Shares Of BP Provide A Boost To These Energy ETFs (XLE, UNG, OIH)
Shares of BP (NYSE:BP) are trading higher on Thursday, after the company said it couldn’t explain the huge drop in its share price during Wednesday’s trading session. The company has lost about half its market cap since the rig explosion in the Gulf of Mexico in April and subsequent oil leak fiasco. A check of how a few energy ETFs are performing today: The Energy Select Sector SPDR (AMEX:XLE) is trading higher by nearly 3.4 percent, while the United States Natural Gas ETF (AMEX:UNG) trades higher by nearly half a percent on Thursday, and the Oil Service HLDRS (AMEX:OIH) is trading higher by over 4.6 percent, Sayoko Murase Reports. See the video report below:
Here are some more details on the Energy Select Sector SPDR ETF (AMEX:XLE), United States Natural Gas ETF (AMEX:UNG), and the Oil Service HLDRS ETF (AMEX:OIH) below:
Energy Select Sector SPDR ETF (AMEX:XLE) Visit Our XLE Category: HERE
The investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities of companies in the Energy Select Sector Index. The fund will normally invest at least 95% of its total assets in common stocks that comprise the relevant Select Sector Index. The Funds have adopted a policy that requires each fund to provide shareholders with at least 60 days notice prior to any significant material change in a fund’s policy or its underlying index. It is nondiversified.
| TOP 10 HOLDINGS ( 62.23% OF TOTAL ASSETS) |
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United States Natural Gas ETF (AMEX:UNG) Visit Our UNG Category: HERE
The investment seeks to replicate the performance, net of expenses, of natural gas. The trust will invest in futures contracts on natural gas traded on the NYMEX that is the near month contract to expire. It is nondiversified.
Oil Service HLDRS ETF (AMEX:OIH) Visit Our OIH Category: HERE
The investment seeks to diversify your investments in the oil service industry through a single, exchange-listed instrument representing your undivided beneficial ownership of the underlying securities. The investment holds shares of common stock issued by specified companies that, when initially selected, were involved in the oil service 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 18 companies included in the investment.
| TOP 10 HOLDINGS ( 86.39% OF TOTAL ASSETS) |
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