Thursday's ETF Movers: XLU, FBT
ETF Channel Staff - Thursday, May 26, 1:15 PMIn trading on Thursday, the Utilities Select Sector SPDR Fund ETF (XLU) is outperforming other ETFs, up about 0.9% on the day. Components of that ETF showing particular strength include shares of Ameren (AEE), up about 1.3% and shares of PG&E (PCG), up about 1.3% on the day.
And underperforming other ETFs today is the First Trust NYSE Arca Biotechnology Index Fund ETF (FBT), down about 1.1% in Thursday afternoon trading. Among components of that ETF with the weakest showing on Thursday were shares of Ionis Pharmaceuticals (IONS), lower by about 38.5%, and shares of Neurocrine Biosciences (NBIX), lower by about 3.1% on the day.