Tuesday's ETF Movers: IDU, GXC
ETF Channel Staff - Tuesday, July 7, 11:46 AMIn trading on Tuesday, the iShares U.S. Utilities ETF (IDU) is outperforming other ETFs, up about 1.6% on the day. Components of that ETF showing particular strength include shares of UIL Holdings (UIL), up about 2.9% and shares of Duke Energy (DUK), up about 2.3% on the day.
And underperforming other ETFs today is the SPDR S&P China ETF (GXC), down about 7% in Tuesday afternoon trading. Among components of that ETF with the weakest showing on Tuesday were shares of CNinsure (CISG), lower by about 17.8%, and shares of Cheetah Mobile (CMCM), lower by about 16.7% on the day.