Tuesday, July 21, 2009

The 7 ETFs You Need To Know for Tuesday

Soaring by more than 5% intraday was the Market Vectors Russia ETF (RSX | Chart | News | PowerRating). Also attracting major buying interest on Monday was the iShares FTSE/Xinhua China 25 ETF (FXI | Chart | News | PowerRating), which gained more than 3% intraday.

Inverse equity index ETFs continue to slide on Monday. Down for a seventh consecutive trading day was the ProShares UltraShort Dow 30 ETF (DXD | Chart | News | PowerRating). By contrast, the Dow DIAMONDS ETF (DIA | Chart | News | PowerRating) rallied to its highest levels of the year.

High yield debt continued to be a popular destination for traders and investors, as the SPDR Barclays Capital High Yield Bond ETF (JNK | Chart | News | PowerRating) and the iShares iBoxx USD High Yield Corporate Bond ETF (HYG | Chart | News | PowerRating) closed higher on Monday, JNK for the fourth day in a row, HYG for the fifth.

Up nearly 3% intraday and trading near the top of a short-term range was the Direxion Daily Financial Bull 3X Shares ETF (FAS | Chart | News | PowerRating).

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