Thursday's ETF Movers: FBT, KRE

In trading on Thursday, the First Trust NYSE Arca Biotechnology Index Fund ETF (FBT) is outperforming other ETFs, up about 4% on the day.  Components of that ETF showing particular strength include shares of Medivation (MDVN), up about 23.7% and shares of Alnylam Pharmaceuticals (ALNY), up about 9.2% on the day.