Best/Worst Daily ETF Returns: Biotech Up

Biotechnology and clean energy funds outperformed on Friday, May 10, after major holdings in funds from each sector enjoyed stock spikes associated with technological advances and strong earnings data.

Biogen Idec, a top 10 holding in four of the five biotech funds that spiked between 2.51 and 3.45 percent on Friday, recently gained FDA approval to market its hemophilia A treatment Eloctate. The treatment is the first of its kind because it minimizes injections and therefore lowers bleed risk for hemophilia A patients.

The Massachusetts-based pharmaceutical manufacturer saw a $4.68, or 2.19 percent, spike in its share price on Friday, boosting funds like the First Trust NYSE Arca Biotechnology ETF (FBT) 3.45 percent.

On that same day, the S'P 500 rallied 7.03 points, or 0.43 percent, closing at 1,633.70.

Three clean energy funds also topped performance, led by the PowerShares WilderHill Clean Energy fund’s (PBW) 3.58 percent jump. Tesla Motors, a major holding in PBT and the other two clean energy funds—the First Trust Nasdaq Clean Edge Green Energy ETF (QCLN) and the Market Vectors Alternative Energy fund (GEX)—posted its first-ever profitable quarter, fueling performance spikes in ETFs like QCLN, which is one of the best performers year-to-date .

The best performer of the day was the Guggenheim Solar fund (TAN), rising 6.58 percent on a seasonal upswing.

Top 10 1-Day Performers, Excluding Leverage/Inverse Funds and '1,000 Shares Traded

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
TAN Guggenheim Solar 6.58% 369,971 77.15
PBW PowerShares WilderHill Clean Energy 3.58% 258,129 153.57
FBT First Trust NYSE Arca Biotechnology 3.45% 69,535 344.46
REMX Market Vectors Rare Earth/Strategic Metals 3.44% 156,617 140.21
XBI SPDR S'P Biotech 2.94% 255,429 873.19
IBB iShares NASDAQ Biotechnology 2.93% 434,995 3,246.83
QCLN First Trust NASDAQ Clean Edge Green Energy 2.89% 135,872 37.34
GEX Market Vectors Global Alternative Energy 2.78% 38,656 61.24
XPH SPDR S'P Pharmaceuticals 2.61% 26,620 402.04
BBH Market Vectors Biotech 2.51% 86,332 307.66

Bottom 10 1-Day Performers, Excluding Leverage/Inverse Funds and '1,000 Shares Traded

Ticker Name 1-Day Performance 1-Day Volume AUM ($, mm)
COLX Market Vectors Colombia -2.98% 3,249 2.68
EWY iShares MSCI South Korea Capped -2.81% 6,679,948 3,272.39
DJCI ETRACS DJ-Commodity Total Return ETN -2.53% 2,518 65.56
NIB iPath Dow Jones-UBS Cocoa Total Return ETN -2.19% 40,290 34.92
GAZ iPath Dow Jones-UBS Natural Gas Total Return ETN -2.11% 36,855 40.00
WEAT Teucrium Wheat -2.09% 29,338 6.17
EGPT Market Vectors Egypt -2.03% 189,079 36.48
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX -1.97% 9,584 3.40
DCNG iPath Pure Beta Seasonal Natural Gas ETN -1.95% 4,708 58.11
EU WisdomTree Euro Debt -1.94% 21,350 4.45


Disclaimer:All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.

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