Best/Worst Daily ETF Returns: EWP Leaps 7.15%

IndexUniverse.com

 

The iShares MSCI Spain Index Fund (EWP) was the best-performing ETF Thursday, July 26, gaining 7.15 percent on the day following the European central bank’s statement that it would do whatever it took to preserve the euro.

ECB’s comments triggered a rally in the stock market, pushing the Dow Jones industrial average up 212 points to close 1.67 percent higher on the day at 12,887.93. Nine out of the 10 best-performing ETFs Thursday were funds tapping in to Europe.

The iShares Dow Jones U.S. Home Construction Index Fund (ITB) was the only non-Europe-related ETF to make on to Thursday’s top-10 one-day performers list. The $824 million fund climbed just over 5 percent on the day, buoyed by sharp gains in some of its underlying stocks.

Homebuilders PulteGroup and Meritage Homes Corp. reported solid earnings Thursday, triggering a rally among homebuilder stocks. Expectations that D.R. Horton—the country’s largest homebuilder—will also be reporting positive earnings this morning helped support the momentum.

PulteGroup and Meritage are among ITB’s top 10 holdings, representing 9 percent and 4 percent of the portfolio, respectively. D.R. Horton is the fund’s biggest allocation, with a 10.3 percent weighting.

On the flip side, volatility-linked strategies were among the day’s bottom 10 performers, with the iPath S'P 500 VIX Short-Term Futures ETN (VXX) dropping 7.6 percent amid a massive trading volume of more than 46 million shares.

Sugar funds were also big losers on the day. After having been supported in the past few weeks by ongoing rain in South America, sugar futures prices plummeted Thursday on news that Brazil’s harvest was picking up speed.

The Teucrium Sugar Fund (CANE) slid 4.58 percent Thursday, while the iPath Dow Jones-UBS Sugar Total Return ETN (SGG) fell 4.25 percent.

 


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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
EWP iShares MSCI Spain 7.15% 656,869 165.17
EFNL iShares MSCI Finland Capped Investable Market 6.88% 1,500 2.06
EWI iShares MSCI Italy 6.53% 791,327 147.25
FEZ SPDR Euro STOXX 50 5.27% 1,111,646 666.16
EWQ iShares MSCI France 5.17% 895,856 389.64
ITB iShares Dow Jones U.S. Home Construction 5.02% 1,744,168 824.45
EZU iShares MSCI EMU 4.83% 143,774 647.82
EUFN iShares MSCI Europe Financials 4.79% 41,466 21.11
IPF SPDR S'P International Financial 4.76% 4,308 4.73
EWN iShares MSCI Netherlands Investable Market 4.72% 132,008 54.37

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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
CVOL C-Tracks Exchange-Traded Notes on the Citi Volatility -10.78% 21,100 6.02
VXX iPath S'P 500 VIX Short-Term Futures ETN -7.61% 46,081,310 1,640.13
VIXY ProShares VIX Short-Term -7.60% 1,209,291 133.00
VIIX VelocityShares VIX Short Term ETN -7.60% 365,924 32.73
FUE ELEMENTS MLCX Biofuels Total Return ETN -5.96% 2,700 2.53
CHIM Global X China Materials -5.19% 1,157 2.10
VXCC ETRACS 3-Month S'P 500 VIX Futures ETN -4.93% 1,300 5.81
CANE Teucrium Sugar -4.58% 5,300 1.63
SGG iPath Dow Jones-UBS Sugar Total Return ETN -4.25% 29,306 27.95
VIXM ProShares VIX Mid-term -3.76% 9,859 78.63

 

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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