Thursday's ETF Movers: IYT, LIT
ETF Channel Staff - Thursday, May 24, 1:33 PMIn trading on Thursday, the iShares Transportation Average ETF (IYT) is outperforming other ETFs, up about 1.2% on the day. Components of that ETF showing particular strength include shares of Kansas City Southern (KSU), up about 3.4% and shares of Alaska Air Group (ALK), up about 2.7% on the day.
And underperforming other ETFs today is the Lithium ETF (LIT), off about 2.7% in Thursday afternoon trading. Among components of that ETF with the weakest showing on Thursday were shares of Albemarle (ALB), lower by about 6%, and shares of Lithium Americas Corp (LAC.CA), lower by about 2.7% on the day.