The iShares U.S. Broker-Dealers & Securities Exchanges ETF ( IAI ) is seeing unusually high volume in afternoon trading Monday, with over 297,000 shares traded versus three month average volume of about 67,000. Shares of IAI were up about 0.3% on the day.
Components of that ETF with the highest volume on Monday were Morgan Stanley ( MS ), trading up about 1% with over 4.6 million shares changing hands so far this session, and Charles Schwab (the) ( SCHW ), up about 0.1% on volume of over 3.1 million shares. Lazard Lazard ( LAZ ) is the component faring the best Monday, up by about 1.9% on the day, while Diamond Hill Investment Group ( DHIL ) is lagging other components of the iShares U.S. Broker-Dealers & Securities Exchanges ETF, trading lower by about 3%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.