Friday's ETF Movers: FBT, XOP
ETF Channel Staff - Friday, March 27, 1:17 PMIn trading on Friday, the First Trust NYSE Arca Biotechnology Index Fund ETF (FBT) is outperforming other ETFs, up about 2.9% on the day. Components of that ETF showing particular strength include shares of Biomarin Pharma (BMRN), up about 13% and shares of Novavax (NVAX), up about 8.3% on the day.
And underperforming other ETFs today is the SPDR S&P Oil & Gas Exploration & Production ETF (XOP), off about 1.6% in Friday afternoon trading. Among components of that ETF with the weakest showing on Friday were shares of Energy XXI (EXXI), lower by about 6.7%, and shares of Clean Energy Fuels (CLNE), lower by about 5.7% on the day.