News Column

Monday's ETF Movers: KRE, XBI

June 2, 2014

In trading on Monday, the SPDR S&P Regional Banking ETF (KRE) is outperforming other ETFs, up about 1.1% on the day. Components of that ETF showing particular strength include shares of Pacwest Bancorp (PACW), up about 2.8% and shares of Hanmi Financial (HAFC), up about 2.4% on the day.

And underperforming other ETFs today is the SPDR S&P Biotech ETF (XBI), down about 1.9% in Monday afternoon trading. Among components of that ETF with the weakest showing on Monday were shares of Puma Biotechnology (PBYI), lower by about 21.2%, and shares of Clovis Oncology (CLVS), lower by about 9.5% on the day.

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