Markets

Best/Worst Daily ETF Returns: Solar Funds Soar

Solar funds soared on Tuesday, April 9, after First Solar Inc., a solar panel manufacturer out of Tempe, Ariz., projected better-than-expected 2013 revenues.

The Guggenheim Solar fund (NYSEArca:TAN) reflected the largest spike, with its NAV shooting up 12.48 percent over the previous day's close. TAN weighting in First Solar is 14.21 percent-its largest holding.

Three other solar and clean-energy funds-Market Vectors' KWT, PowerShares' PBW and iShares' ICLN-outperformed as well, rising 7.64 percent, 4.11 percent and 3.86 percent, respectively. The funds are allocated between 3.45 and 6.78 percent to the solar panel manufacturer.

First Solar enjoyed a 45.5 percent increase in its stock's valuation at Tuesday's close. In spite of a somewhat-oversaturated market for solar panel manufacturers, the company said it is confident the recent acquisition of TetraSun-a manufacturer of rooftop solar panels, a corner of the solar market that First Solar had previously untapped-will ramp up earnings for 2013.

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

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
TAN Guggenheim Solar 12.48% 571,214 63.97
KWT Market Vectors Solar Energy 7.64% 27,669 11.70
GREK Global X FTSE Greece 20 7.18% 102,846 22.85
PBW PowerShares WilderHill Clean Energy 4.11% 813,216 140.43
GDX Market Vectors Gold Miners 3.89% 20,474,278 7,048.96
ICLN iShares S&P Global Clean Energy 3.86% 25,197 28.65
SLVP iShares MSCI Global Silver Miners 3.80% 2,900 5.17
GDXJ Market Vectors Junior Gold Miners 3.76% 3,133,435 2,135.04
SIL Global X Silver Miners 3.65% 300,058 267.82
RING iShares MSCI Global Gold Miners 3.61% 12,450 27.40
Bottom 10 1-Day Performers, Excluding Leverage/Inverse Funds and 'lt;1,000 Shares Traded

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
GAZ iPath Dow Jones-UBS Natural Gas Total Return ETN -1.98% 41,149 41.98
UNG United States Natural Gas -1.60% 3,917,155 876.73
FJP First Trust Japan AlphaDex -1.31% 6,480 13.90
UNL United States 12 Month Natural Gas -1.31% 7,165 38.42
DCNG iPath Pure Beta Seasonal Natural Gas ETN -1.26% 6,519 37.81
IFAS iShares FTSE EPRA/NAREIT Developed Asia -1.23% 25,514 37.03
SCIN EGShares India Small Cap -1.19% 8,165 20.76
PIN PowerShares India -1.17% 968,198 350.52
VNM Market Vectors Vietnam -1.17% 1,064,830 468.88
EPI WisdomTree India Earnings -1.06% 2,301,336 1,023.16

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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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