Momentum also remains on the side of energy ETFs. On Tuesday, seven of the 40 ETFs that made new all-time highs were energy funds, including IYE, VDE and XLE. Over the past month, the seven best non-leveraged sector ETFs are all energy funds.
The First Trust ISE-Revere Natural Gas Index Fund (NYSEArca: FCG) is the best-performing sector ETF over the past month with a gain of 9% while the United States Natural Gas Fund (NYSEArca: UNG) is up 7.2% over the same time. [Natural Gas: Finally Winning]
FCG and UNG could keep soaring in the coming weeks if expectations of a warm summer increase. After the the coldest winter in 32 years forced Americans to burn through almost 3 trillion cubic feet of natural gas, market observers are looking toward the summer injection period and next winter. Stockpiles of up to 3 trillion cubic feet will be required to have the U.S. prepared for next winter.
Energy Select Sector SPDR
