Tuesday's ETF Movers: IYT, XOP
ETF Channel Staff - Tuesday, September 2, 3:53 PMIn trading on Tuesday, the iShares Transportation Average ETF (IYT) is outperforming other ETFs, up about 0.9% on the day. Components of that ETF showing particular strength include shares of United Continental (UAL), up about 3.8% and shares of Alaska Air Group (ALK), up about 3.4% on the day.
And underperforming other ETFs today is the SPDR S&P Oil & Gas Exploration & Production ETF (XOP), off about 2.1% in Tuesday afternoon trading. Among components of that ETF with the weakest showing on Tuesday were shares of Magnum Hunter Resources (MHR), lower by about 5.4%, and shares of Gastar Exploration (GST), lower by about 5.2% on the day.