Wednesday's ETF Movers: XOP, XLU
ETF Channel Staff - Wednesday, November 21, 1:36 PMIn trading on Wednesday, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) is outperforming other ETFs, up about 3.4% on the day. Components of that ETF showing particular strength include shares of California Resources (CRC), up about 19.7% and shares of Kosmos Energy (KOS), up about 9.3% on the day.
And underperforming other ETFs today is the Utilities Select Sector SPDR Fund ETF (XLU), off about 1.4% in Wednesday afternoon trading. Among components of that ETF with the weakest showing on Wednesday were shares of American Electric Power (AEP), lower by about 2.6%, and shares of Duke Energy (DUK), lower by about 2.3% on the day.