Wednesday's ETF Movers: XBI, GDX
ETF Channel Staff - Wednesday, September 2, 11:38 AMIn trading on Wednesday, the SPDR S&P Biotech ETF (XBI) is outperforming other ETFs, up about 2.3% on the day. Components of that ETF showing particular strength include shares of Raptor Pharmaceutical (RPTP), up about 7.4% and shares of Tesaro (TSRO), up about 6.4% on the day.
And underperforming other ETFs today is the Gold Miners ETF (GDX), off about 1.5% in Wednesday afternoon trading. Among components of that ETF with the weakest showing on Wednesday were shares of Harmony Gold Mining (HMY), lower by about 6.5%, and shares of Gold Fields (GFI), lower by about 5.8% on the day.