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Energy Funds Making The Best Of Debt Ceiling Agreement



August 03, 2011 – Comments (0) | RELATED TICKERS: VDE , IXC , IYE

So the debt ceiling issue has officially been agreed upon. What does this mean for investors and the energy industry? Well, it looks like there are a number of energy funds that have been able to use this agreement to their advantage. Paul Ausick has listed these funds, and explains how they are playing the debt ceiling.


 "The Energy Select Sector SPDR (NYSE: XLE) posted a gain of more than 44% in the past year, and has gained nearly another 13% this year. The last three months have seen a negative move in the fund as the price of crude has retreated amid worries over a possible US debt default. Shares are trading about 1.67% higher in the pre-market this morning, at $76.45, in a 52-week range of %50.33-$80.97.

 The iShares Dow Jones US Energy (NYSE: IYE) has returned a gain of nearly 43% in the past 12 months and year-to-date gain of 12.61%. Like XLE, the past three months have been negative. Shares closed down about -1% on Friday, at $43.60, in a 52-week range of $29.12-$46.12.

 The Vanguard Energy ETF (NYSE: VDE) gained more than 44% over the past year, and its year-to-date gain is 12.66%. The last three months have been negative for VDE as well. Shares closed down nearly -1% on Friday, at $112.29, in a 52-week range of $73.85-$118.43."


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