Tuesday's ETF Movers: PCEF, XOP
ETF Channel Staff - Tuesday, September 1, 11:16 AMIn trading on Tuesday, the PowerShares CEF Income Composite Portfolio ETF (PCEF) is outperforming other ETFs, down about 0.4% on the day. Components of that ETF showing particular strength include shares of Guggenheim Credit Allocation Fund (GGM), up about 1.4% and shares of Eaton Vance Limited Duration Income Fund (EVV), up about 0.9% on the day.
And underperforming other ETFs today is the SPDR S&P Oil & Gas Exploration & Production ETF (XOP), off about 4.3% in Tuesday afternoon trading. Among components of that ETF with the weakest showing on Tuesday were shares of Triangle Petroleum (TPLM), lower by about 12.8%, and shares of Halcon Resources (HK), lower by about 11.3% on the day.