Financial ETFs Under Heavy Pressure: XLF Down 11%, KBE Down 13%
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- Afternoon ETF Check: GDX, KBE Higher; UUP Lower
- KBW Notes Short Interest Falls In Their Banking ETFs (KBE, KRE), But Surges In The Insurance ETF (KIE)
- Financial ETFs Under Heavy Pressure: XLF Down 11%, KBE Down 13%
- KBW Said Short Interest Rose In Insurance ETF, But Fell In Bank ETFs (KIE, KBE, KRE, KCE)
- ETF Movers: Energy ETFs Higher (XLE, OIH), Financial ETFs Lower (XLF, KBE, RKH)
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- Financial Select Sector (XLF) volatility near 15-month lows
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Financial ETFs under severe pressure as passage of bailout bill looks like it will fail: Financial Select Sector SPDR (AMEX: XLF) Down 11%, KBW Bank ETF (AMEX: KBE) Down 12.6%
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