Wednesday's ETF Movers: XBI, PIN
ETF Channel Staff - Wednesday, May 6, 11:17 AMIn trading on Wednesday, the SPDR S&P Biotech ETF (XBI) is outperforming other ETFs, up about 2.6% on the day. Components of that ETF showing particular strength include shares of Synageva Biopharma (GEVA), up about 115.3% and shares of Progenics Pharma (PGNX), up about 16.9% on the day.
And underperforming other ETFs today is the PowerShares India Portfolio ETF (PIN), off about 3% in Wednesday afternoon trading. Among components of that ETF with the weakest showing on Wednesday were shares of Sesa Sterlite (SSLT), lower by about 2.4%, and shares of ITC Holdings (ITC), lower by about 1% on the day.