In trading on Tuesday, the First Trust Preferred Securities and Income ETF ( FPE ) is outperforming other ETFs, down about 0.1% on the day. Components of that ETF showing particular strength include shares of Maiden Holdings North America Light ( MHNB ), up about 1.8% and shares of BGC Partners ( BGCA ), up about 0.5% on the day.
And underperforming other ETFs today is the SPDR S&P Metals and Mining ETF ( XME ), down about 5.5% in Tuesday afternoon trading. Among components of that ETF with the weakest showing on Tuesday were shares of Freeport McMoRan ( FCX ), lower by about 9.4%, and shares of Cliffs Natural Resources (CLF), lower by about 9.2% on the day.
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