Wednesday's ETF Movers: XBI, FXN
ETF Channel Staff - Wednesday, July 27, 2:02 PMIn trading on Wednesday, the SPDR S&P Biotech ETF (XBI) is outperforming other ETFs, up about 1.7% on the day. Components of that ETF showing particular strength include shares of Amicus Therapeutics (FOLD), up about 11.7% and shares of Seattle Genetics (SGEN), up about 7.5% on the day.
And underperforming other ETFs today is the First Trust Energy AlphaDEX Fund ETF (FXN), off about 2.4% in Wednesday afternoon trading. Among components of that ETF with the weakest showing on Wednesday were shares of Whiting Petroleum (WLL), lower by about 6.4%, and shares of WPX Energy (WPX), lower by about 5.6% on the day.