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Top COVID-19 Vaccine Stories of April Put Biotech ETFs in Focus


Top COVID-19 Vaccine Stories of April Put Biotech ETFs in Focus
Zacks.com
5/4/2021
The world’s largest economy has started to witness a decline in the number of new coronavirus cases. In fact, the seven-day average of daily cases dropped to under 50,000, down 17% from the previous week (as of May 1), per a CNBC article. There has been a decline in the number of hospitalizations as well along with a decreasing death toll from coronavirus infections.
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In fact, former U.S. FDA commissioner Scott Gottlieb is predicting a “relatively quiet summer when it comes to coronavirus spread,” as mentioned in a CNBC article. Going by the same article, he has said on CBS News that “look, the situation in the U.S. continues to improve, and I think in the coming weeks we are going to see an acceleration in the decline in cases.” ....

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Biotech ETFs surge on vaccine rollout, Alexion-AstraZeneca tie-up


Biotech exchange-traded funds rallied Monday as the rollout of the coronavirus vaccine across America shed a bullish light on the industry. The First Trust NYSE Arca Biotechnology Index Fund
FBJ
jumped 4% by the afternoon, while the Defiance Nasdaq Junior Biotechnology ETF
IBBJ,
-1.01%
and the SPDR S&P Biotech ETF
XBI,
-0.01%
both gained 3.5%. The VanEck Vectors Biotech ETF
BBJ,
gained 2.7%, and the Global X Genomics & Biotechnology ETF
GNOM,
+1.29%
was 2.3% higher on Monday but has gained the most - 56% - in the year to date among the funds noted here. FactSet data show that among all U.S. domiciled ETFs, the Van Eck fund has the most exposure to Alexion ....

United States , Van Eck , Arca Biotechnology Index Fund , First Trust , Biotechnology Index Fund , Defiance Nasdaq Junior Biotechnology , Vaneck Vectors Biotech , Globalx Genomics , ஒன்றுபட்டது மாநிலங்களில் , வேன் ஈக் , அரச உயிரி தொழில்நுட்பவியல் குறியீட்டு நிதி , முதல் நம்பிக்கை , உயிரி தொழில்நுட்பவியல் குறியீட்டு நிதி , மீறுதல் நாஸ்டாக் ஜூனியர் உயிரி தொழில்நுட்பவியல் ,