Wednesday's ETF Winners & Losers
The HealthShares Emerging Cancer (HHJ) exchange-traded fund was Wednesday's worst performer, recently down 4.7%. Dendreon (DNDN) and Nuvelo (NUVO) both faced downgrades and were lower by 13.7% and 17.6%, respectively. The ETF was recently down $1.33 to $27.09.
The B2B Internet HOLDRs (BHH) ETF was also lower due to rating changes. Holding Checkfree (CKFR) sank 6.7% after JMP Securities downgraded the stock to market perform from strong buy. The ETF was off 10 cents, or 4.6%, to $2.08.
Bundled securities tracking homebuilders were also losing ground, a day after D.R. Horton (DHI) eased after the company said fiscal second-quarter new-home orders fell 37% from a year ago. The stock was recently down 2.1%, while Hovnanian (HOV) was losing 3.3% and Lennar (LEN) was off 3.2%.
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