Thursday's ETF Movers: KRE, XME
ETF Channel Staff - Thursday, September 18, 3:10 PMIn trading on Thursday, the SPDR S&P Regional Banking ETF (KRE) is outperforming other ETFs, up about 2% on the day. Components of that ETF showing particular strength include shares of Texas Capital Bancshares (TCBI), up about 4.4% and shares of First Bancorp (FBP), up about 3.7% on the day.
And underperforming other ETFs today is the SPDR S&P Metals and Mining ETF (XME), down about 1.5% in Thursday afternoon trading. Among components of that ETF with the weakest showing on Thursday were shares of Walter Energy (WLT), lower by about 8.7%, and shares of Molycorp (MCP), lower by about 7.9% on the day.