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Wednesday's ETF Movers: XBI, PIN

In trading on Wednesday, the SPDR S&P Biotech ETF ( XBI ) is outperforming other ETFs, up about 2.6% on the day. Components of that ETF showing particular strength include shares of Synageva Biopharma ( GEVA ), up about 115.3% and shares of Progenics Pharma ( PGNX ), up about 16.9% on the day.

And underperforming other ETFs today is the PowerShares India Portfolio ETF ( PIN ), off about 3% in Wednesday afternoon trading. Among components of that ETF with the weakest showing on Wednesday were shares of Sesa Sterlite ( SSLT ), lower by about 2.4%, and shares of ITC Holdings (ITC), lower by about 1% on the day.

VIDEO: Wednesday's ETF Movers: XBI, PIN

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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