Oil and Gas ETF Outperforms Amid Stronger Stocks, Small/Mid Cap Growth ETF Down

The SPDR S&P Oil & Gas Exploration & Production ETF is up 2.1% on Friday, driven by gains in Calumet and Kosmos Energy. The Janus Henderson Small/Mid Cap Growth Alpha ETF is down 4%, led by declines in Contineum Therapeutics and International Money Express.

In trading on Friday, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) experienced significant gains, rising by approximately 2.1% on the day. This performance was driven by notable increases in the shares of Calumet and Kosmos Energy. Calumet, Inc. (CLMT) saw a 9.3% increase, while Kosmos Energy Ltd. (KOS) rose by about 8.8% [1].

Conversely, the Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) underperformed, declining by about 4% in Friday afternoon trading. Among its components, Contineum Therapeutics and International Money Express were particularly weak, with Contineum Therapeutics down by about 6.9% and International Money Express declining by approximately 5.8% [2].

These movements underscore the dynamic nature of the energy sector and the varying fortunes of different companies and ETFs within it. Investors should closely monitor these trends and consider the implications for their portfolios.

References:
[1] https://stockanalysis.com/etf/xop/holdings/
[2] https://www.nasdaq.com/articles/fridays-etf-movers-xop-jsmd