Monday's ETF Movers: XBI, RYT
ETF Channel Staff - Monday, January 26, 11:13 AMIn trading on Monday, the SPDR S&P Biotech ETF (XBI) is outperforming other ETFs, up about 2.1% on the day. Components of that ETF showing particular strength include shares of Ultragenyx Pharmaceutical (RARE), up about 9.2% and shares of Intercept Pharmaceuticals (ICPT), up about 6.7% on the day.
And underperforming other ETFs today is the Guggenheim S&P 500 Equal Weight Technology ETF (RYT), off about 0.7% in Monday afternoon trading. Among components of that ETF with the weakest showing on Monday were shares of Seagate Tech (STX), lower by about 9.5%, and shares of Western Digital (WDC), lower by about 7.8% on the day.