ETF Daily News: Friday’s ETF Movers
April 29th, 2011
In trading on Friday, the B2B Internet HOLDRs (AMEX:BHH) is outperforming other ETFs, up about 5.93% on the day. Also up on the day are the UBS E-TRACS Long Platinum TR ETN (NYSE:PTM) up 6.06%, and the iPath Long Extended Russell 1000 TR ETN (NYSE:ROLA) up 5.92%.
And underperforming other ETFs today is the iPath Short Extended Russell 1000 TR ETN (NYSE:ROSA), off about 11.99% in Friday afternoon trading. Also down on the day are the ELEMENTS BG Small Cap ETN (NYSE:BSC) down 9.16%, and the iPath Global Carbon ETN (NYSE:GRN) down 5.06%.
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What a nice trap it was, bulls were able to push it down by almost 10% to create a lower entry point and then profit from it very next day.