Not Just Biotech: Other Momo ETFs Taken to Task

Predictably, weakness in social media stocks is permeating the broader Internet complex as the First Trust Dow Jones Internet Index Fund (NYSEArca: FDN) is lower by 3.2% on volume that is approaching two and a half times the daily average. The PowerShares NASDAQ Internet Portfolio (NasdaqGM: PNQI) is down 3.6%. Both ETF’s are being hampered by, among other negative catalysts, a 9% plunge in shares of Netflix (NasdaqGS: NFLX). The best performer among FDN’s top-10 holdings Monday is Juniper Networks (NasdaqGS: JNPR), which is down 1.2%. [The Rising ETF Presence of Netflix]

The situation with the Guggenheim Solar ETF (NYSEArca: TAN), last year’s best non-leveraged ETF and again among the top five in 2014, is particularly vexing. Over the past five sessions, TAN is down 6.5% while its second-largest holding, First Solar (NasdaqGS: FSLR), is up almost 28% over the same time. First Solar is the best performer among TAN’s top-10 holdings today that are U.S.-listed with a loss of 1.7%. [Solar ETF Looks to Build on Gains]

Guggenheim Solar ETF

ETF Trends editorial team contributed to this post.