Wednesday's ETF Movers: XME, OIH
ETF Channel Staff - Wednesday, August 16, 1:31 PMIn trading on Wednesday, the SPDR S&P Metals & Mining ETF (XME) is outperforming other ETFs, up about 2.2% on the day. Components of that ETF showing particular strength include shares of Freeport McMoran (FCX), up about 4.9% and shares of Schnitzer Steel Industries (SCHN), up about 4.2% on the day.
And underperforming other ETFs today is the Oil Services ETF (OIH), off about 1.2% in Wednesday afternoon trading. Among components of that ETF with the weakest showing on Wednesday were shares of Noble (NE), lower by about 5%, and shares of Ensco (ESV), lower by about 4.1% on the day.