Tuesday's ETF Movers: XOP, GXC
ETF Channel Staff - Tuesday, March 3, 1:04 PMIn trading on Tuesday, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) is outperforming other ETFs, up about 2.3% on the day. Components of that ETF showing particular strength include shares of Sanchez Energy (SN), up about 7.9% and shares of Bonanza Creek Energy (BCEI), up about 6.7% on the day.
And underperforming other ETFs today is the SPDR S&P China ETF (GXC), off about 2% in Tuesday afternoon trading. Among components of that ETF with the weakest showing on Tuesday were shares of Cheetah Mobile (CMCM), lower by about 6%, and shares of Alibaba Group Holding (BABA), lower by about 4.6% on the day.