Wednesday's ETF Movers: FBT, GDX
ETF Channel Staff - Wednesday, April 16, 3:31 PMIn trading on Wednesday, the First Trust NYSE Arca Biotechnology Index Fund ETF (FBT) is outperforming other ETFs, up about 2.6% on the day. Components of that ETF showing particular strength include shares of Immunogen (IMGN), up about 14.4% and shares of Intermune (ITMN), up about 6% on the day.
And underperforming other ETFs today is the Gold Miners ETF (GDX), off about 0.7% in Wednesday afternoon trading. Among components of that ETF with the weakest showing on Wednesday were shares of Agnico Eagle Mines (AEM), lower by about 7.7%, and shares of Alacer Gold (ASR.CA), lower by about 4% on the day.