Monday's ETF with Unusual Volume: PPH
The Pharmaceutical ETF ( PPH ) is seeing unusually high volume in afternoon trading Monday, with over 277,000 shares traded versus three month average volume of about 84,000. Shares of PPH were down about 0.4% on the day.
Components of that ETF with the highest volume on Monday were Pfizer ( PFE ), trading off about 1.9% with over 79.4 million shares changing hands so far this session, and Valeant Pharmaceuticals ( VRX ), down about 1.7% on volume of over 17.8 million shares. Mallinckrodt ( MNK ) is the component faring the best Monday, up by about 9% on the day, while Allergan ( AGN ) is lagging other components of the Pharmaceutical ETF, trading lower by about 2.3%.