Tuesday's ETF with Unusual Volume: SLX

By ETFChannel.com,

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he Market Vectors Steel ETF ( SLX ) is seeing unusually high volume in afternoon trading Tuesday, with over 284,000 shares traded versus three month average volume of about 55,000. Shares of SLX were down about 1.8% on the day.

Components of that ETF with the highest volume on Tuesday were Vale ( VALE ), trading off about 2.9% with over 13.7 million shares changing hands so far this session, and Cliffs Natural Resources ( CLF ), down about 4% on volume of over 6.9 million shares. LB Foster ( FSTR ) is the component faring the best Tuesday, higher by about 1.6% on the day, while AM Castle ( CAS ) is lagging other components of the Market Vectors Steel ETF, trading lower by about 5.9%.

Tuesday's ETF with Unusual Volume: SLX VIDEO: Tuesday's ETF with Unusual Volume: SLX

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing Investing Ideas
Referenced Stocks: SLX , VALE , CLF , FSTR , CAS

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