TradingMarkets 7 ETFs You Need to Know for Thursday

Fewer ETFs were moving lower more aggressively than emerging markets ETFs and fewer funds were moving higher than those indexed to the inverse of
financial stocks. Inverse market index exchange-traded funds were also among Wednesday’s top performing ETFs, particularly those linked to smaller cap
stocks in the Russell 2000.

Here are 7 ETFs You Need to Know for Thursday.

Among the harder hit emerging markets ETFs was the iShares FTSE/Xinhua 25 Index fund, FXI
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, which lost more than 8% on Wednesday, as did the Templeton Russia Fund, TRF
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. The iShares Brazil index fund, EWZ
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, was down more than 5%.

With the rout in financial stocks on Wednesday, exchange-traded funds like the ProShares UltraShort Financial ETF, SKF
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, were among the day’s top performers, gaining more than 12%. Conversely, the ProShares Ultra Financial exchange traded fund, UYG
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was down nearly 12% going into Wednesday’s close.

The powerful rally in gold mining stocks on Wednesday boosted the Select Gold Shares SPDRS, GLD
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, by more than 10% intraday. The fund continues to trade below its 200-day moving average and is now exceptionally overbought.

The ProShares UltraShort QQQ ETF, QID
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, was among the leveraged short ETFs doing well on Wednesday. QID finished the day up more than 6%, but off its highs of the session.

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