Monday's ETF Movers: FBT, XAR
ETF Channel Staff - Monday, January 22, 2:00 PMIn trading on Monday, the First Trust NYSE Arca Biotechnology Index Fund ETF (FBT) is outperforming other ETFs, up about 5.5% on the day. Components of that ETF showing particular strength include shares of Bioverativ (BIVV), up about 61.7% and shares of Juno Therapeutics (JUNO), up about 26.6% on the day.
And underperforming other ETFs today is the SPDR S&P Aerospace & Defense ETF (XAR), off about 0.8% in Monday afternoon trading. Among components of that ETF with the weakest showing on Monday were shares of Cubic (CUB), lower by about 2.7%, and shares of Mercury Systems (MRCY), lower by about 2.6% on the day.