In trading on Wednesday, the First Trust Preferred Securities and Income ETF ( FPE ) is outperforming other ETFs, up about 0.1% on the day. Components of that ETF showing particular strength include shares of SLM Floating Rate Preferred Series B ( SLMBP ), up about 1.9% and shares of Wintrust Financial Preferred ( WTFCM ), up about 0.9% on the day.
And underperforming other ETFs today is the SPDR S&P Oil & Gas Exploration & Production ETF ( XOP ), down about 3.6% in Wednesday afternoon trading. Among components of that ETF with the weakest showing on Wednesday were shares of Oasis Petroleum ( OAS ), lower by about 8.2%, and shares of California Resources (CRC), lower by about 8.1% on the day.
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