Tuesday's ETF Movers: XBI, KRE
ETF Channel Staff - Tuesday, October 16, 1:36 PMIn trading on Tuesday, the SPDR S&P Biotech ETF (XBI) is outperforming other ETFs, up about 4.3% on the day. Components of that ETF showing particular strength include shares of Achillion Pharmaceuticals (ACHN), up about 13.1% and shares of Esperion Therapeutics (ESPR), up about 10.8% on the day.
And underperforming other ETFs today is the SPDR S&P Regional Banking ETF (KRE), off about 0.5% in Tuesday afternoon trading. Among components of that ETF with the weakest showing on Tuesday were shares of Customers Bancorp (CUBI), lower by about 3.4%, and shares of First Horizon National (FHN), lower by about 3.3% on the day.