Tuesday's ETF Movers: OIH, GXC
ETF Channel Staff - Tuesday, May 5, 11:50 AMIn trading on Tuesday, the Oil Services ETF (OIH) is outperforming other ETFs, up about 2.1% on the day. Components of that ETF showing particular strength include shares of Seadrill Limited (SDRL), up about 12.2% and shares of Tidewater (TDW), up about 11.1% on the day.
And underperforming other ETFs today is the SPDR S&P China ETF (GXC), off about 3.1% in Tuesday afternoon trading. Among components of that ETF with the weakest showing on Tuesday were shares of Cninsure (CISG), lower by about 8.2%, and shares of Qihoo 360 Tech (QIHU), lower by about 7.2% on the day.