Best/Worst Daily ETF Returns: CANE Leaps

IndexUniverse.com

 

The Teucrium Sugar Fund (CANE - News) skyrocketed 13.19 percent on Wednesday, making it the best-performing ETF. CANE’s pop came amid views the Federal Reserve is contemplating another round of quantitative easing after Friday’s jobs report, which helped commodities and the entire stock market.

However, some industry sources suspected the ETF was the subject of a bad trade that seriously overstated its upward movement. The final print was at $21.51 a share, though its net asset value was at $19.39, which means it rose by less than 1 percent on the day. But the trade apparently apparently stands, notwithstanding rules implemented after the 'Flash Crash" that trades 10 percent or more off the market should be scrapped.

In any cased, if QE3 does come to pass—so named because it would be the third time the Fed has resorted to bond buying to help keep borrowing rates low since the financial crisis of 2008—the dollar is likely to weaken, and commodities like oil, corn and gold that are priced in dollars are likely to grow pricier as a result.

The Dow Jones industrial average ended yesterday’s session up 287 points, or 2.37 percent, to 12,414.79, fueled by hope that decisive central bank action would help stabilize a global economy that is showing signs of weakness amid doubts about the solvency of some eurozone countries.

The coup de grace that stoked the QE3 talk was last Friday’s jobs report, which showed the U.S. created just 69,000 jobs in May—far fewer than the 175,000 Bloomberg News reported were expected, according to its survey of economists.

Also, investors began to venture into emerging markets once more, as seen by the 8.97 percent jump in the Global X China Materials ETF (CHIM - News).

Additionally, the Market Vectors Indonesia ETF (IDX - News) and the iShares MSCI Indonesia Investable Market Index Fund (EIDO - News) rose 5.82 percent and 5.58 percent, respectively.

Polish stocks also bounced, with the Market Vectors Poland ETF (PLND - News) and the iShares MSCI Poland Investable Market Index Fund (EPOL - News) rising 5.44 percent and 5.40 percent, respectively.

Bottom Performers

The Morgan Stanley S'P 500 Oil Hedged ETN (BARL - News) was yesterday’s worst-performing exchange-traded product yesterday, losing 9.27 percent.

BARL was followed closely by the C-Tracks Exchange-Traded Notes on the Citi Volatility Index (CVOL - News), which dropped 8.05 percent yesterday.

A number of other volatility-related ETNs populated the bottom-performers list. Such securities routinely move sharply in the opposite direction of the market.

Meanwhile, in the bond space, the Pimco 25+ Year Zero Coupon U.S. Treasury Fund (ZROZ - News) and the Vanguard Extended Duration Treasury Fund (EDV - News) fell 3.21 percent and 2.88 percent, respectively.

 


Top 10 1-Day Performers, Excluding Leverage/Inverse Funds and '1,000 Shares Traded

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
CANE Teucrium Sugar 13.19% 2,602 2.91
CHIM Global X China Materials 8.97% 1,100 2.23
IDX Market Vectors Indonesia 5.82% 642,000 411.53
EIDO iShares MSCI Indonesia Investable Market 5.58% 177,983 265.07
PLND Market Vectors Poland 5.44% 12,790 27.80
EPOL iShares MSCI Poland Investable Market 5.40% 137,866 105.15
EUFN iShares MSCI-Europe Financials 5.18% 53,554 19.72
ARGT Global X FTSE Argentina 20 5.15% 3,150 2.80
ENOR iShares MSCI Norway Capped Investable Market 4.89% 13,580 4.78
IDXJ Market Vectors Indonesia Small Cap 4.89% 3,460 4.43

Bottom 10 1-Day Performers, Excluding Leverage/Inverse Funds and '1,000 Shares Traded

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
BARL Morgan Stanley S'P 500 Oil Hedged ETN -9.27% 2,300 9.20
CVOL C-Tracks Exchange-Traded Notes on the Citi Volatility -8.05% 26,590 10.50
VIIX VelocityShares VIX Short Term ETN -7.27% 651,678 34.16
VIXY ProShares VIX Short-Term -7.20% 838,899 143.28
VXX iPath S'P 500 VIX Short-Term Futures ETN -7.18% 47,453,727 1,663.79
GWO ELEMENTS Credit Suisse Global Warming ETN -5.94% 1,155 2.90
VXZ iPath S'P 500 VIX Mid-Term Futures ETN -3.21% 205,674 261.53
ZROZ PIMCO 25+ Year Zero Coupon U.S. Treasury -3.21% 161,104 170.66
VIXM ProShares VIX Mid-term -3.02% 6,548 96.27
EDV Vanguard Extended Duration Treasury -2.88% 112,664 216.94

 

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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