The trail of tears does not end there for the anti-biotech crowd. Among the other 29 ETFs that are joining FBT in the all-time club today are the Health Care Select Sector SPDR (NYSEArca: XLV) and the iShares U.S. Healthcare ETF (NYSEArca: IYH). Those ETFs each devote more than 20% of their respective weights to biotech stocks.
The PowerShares QQQ (NasdaqGM: QQQ), the NASDAQ-100 tracking ETF, climbed to a new 52-week high today, taking Ultra QQQ ProShares (NYSEArca: QLD) and the ProShares UltraPro QQQ (NasdaqGM: TQQQ), the double- and triple-leveraged equivalents of QQQ, into the new all-time club. [NASDAQ ETFs Impress]
Speaking of leveraged ETFs, the Direxion Daily Healthcare Bull 3x Shares (NYSEArca: CURE) also touched a new all-time high Wednesday, but it is all quiet on the biotech bear front.
First Trust NYSE Arca Biotechnology Index Fund