Monday's ETF Movers: XOP, XBI
ETF Channel Staff - Monday, May 21, 1:07 PMIn trading on Monday, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) is outperforming other ETFs, up about 1.8% on the day. Components of that ETF showing particular strength include shares of Chesapeake Energy (CHK), up about 8% and shares of Denbury Resources (DNR), up about 7.6% on the day.
And underperforming other ETFs today is the SPDR S&P Biotech ETF (XBI), off about 1.1% in Monday afternoon trading. Among components of that ETF with the weakest showing on Monday were shares of Abeona Therapeutics (ABEO), lower by about 15.4%, and shares of Insmed (INSM), lower by about 6.8% on the day.