Best/Worst Daily ETF Returns
Best/Worst Daily ETF Returns: KBWB Jumps 3.29%
July 17, 2012
The PowerShares KBW Bank Portfolio (NYSEArca: KBWB) was one of the best-performing ETFs Monday, July 16, gaining 3.29 percent on the heels of solid bank earnings reports.
Other financial sector ETFs such as the iShares Dow Jones U.S. Financial Services Index Fund (NYSEArca: IYG) and the Focus Morningstar Financial Services ETF (NYSEArca: FFL) were also among the top performers Monday, with gains of 3.15 percent and 2.78 percent, respectively.
The upward momentum in financials came despite relative weakness in the broad stock market, which gave in to renewed concerns over global economic growth. The Dow Jones industrial average shed 49.88 points, or 0.4 percent, to end the day at 12,727.21.
On the flip side, a roster of VIX-related funds led the bottom-performers list, with the iPath S&P 500 VIX Short-Term Futures ETN (NYSEArca: VXX) leading the pack, with losses of 6 percent amid a daily trading volume that neared 30 million shares.
Top 10 1-Day Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
Bottom 10 1-Day Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.
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