Wednesday's ETF Movers: XME, IYZ
ETF Channel Staff - Wednesday, March 22, 1:35 PMIn trading on Wednesday, the SPDR S&P Metals and Mining ETF (XME) is outperforming other ETFs, up about 1.1% on the day. Components of that ETF showing particular strength include shares of Schnitzer Steel Industries (SCHN), up about 3.5% and shares of AK Steel Holding (AKS), up about 2.7% on the day.
And underperforming other ETFs today is the iShares U.S. Telecommunications ETF (IYZ), down about 1.9% in Wednesday afternoon trading. Among components of that ETF with the weakest showing on Wednesday were shares of Frontier Communications (FTR), lower by about 13.8%, and shares of Windstream Holdings (WIN), lower by about 7.2% on the day.