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Biotech ETF XBI drops to an 8-month low

Mar. 23, 2023 8:56 AM ETSPDR® S&P Biotech ETF (XBI)BBH, IBB, CPRX, FATE, ARKG, MRNA, GNOMBy: Jason Capul, SA News Editor17 Comments

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Popular biotech exchange traded fund SPDR S&P Biotech ETF (NYSEARCA:XBI) dropped more than 3% on Wednesday. As a result, the ETF reached a new 8-month low.

XBI touched $73.06 a share on Wednesday which marked its lowest level dating back to

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SPDR® S&P Biotech ETF