In trading on Wednesday, the SPDR S&P Oil & Gas Exploration & Production ETF (NYSE:XOP) is outperforming other ETFs, up about 5.8% on the day. Components of that ETF showing particular strength include shares of Halcon Resources (HK), up about 19.5% and shares of Sanchez Energy (SN), up about 17% on the day.
And underperforming other ETFs today is the First Trust Preferred Securities and Income ETF (NYSE:FPE), down about 0.5% in Wednesday afternoon trading. Among components of that ETF with the weakest showing on Wednesday were shares of SLM Floating Rate Preferred Series B (NASDAQ:SLMBP), lower by about 2.1%, and shares of BGC Partners (BGCA), lower by about 0.8% on the day.
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