The Agribusiness ETF ( MOO ) is seeing unusually high volume in afternoon trading Friday, with over 763,000 shares traded versus three month average volume of about 47,000. Shares of MOO were up about 0.6% on the day.
Components of that ETF with the highest volume on Friday were Archer-Daniels-Midland ( ADM ), trading off about 0.6% with over 2.1 million shares changing hands so far this session, and CF Industries Holdings ( CF ), up about 3% on volume of over 1.6 million shares. Agco ( AGCO ) is lagging other components of the Agribusiness ETF Friday, trading lower by about 2.7%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.