Monday's ETF Movers: FBT, XAR
In 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.