The SPDR Wells Fargo Preferred Stock ETF ( PSK ) is seeing unusually high volume in afternoon trading Monday, with over 259,000 shares traded versus three month average volume of about 101,000. Shares of PSK were up about 0.1% on the day.
Components of that ETF with the highest volume on Monday were JP Morgan Chase Preferred ( JPM.PRC ), trading up about 0.1% with over 273,000 shares changing hands so far this session, and Bank of America Preferred ( BAC.PRK ), up about 0.3% on volume of over 89,000 shares. Allstate Preferred( ALL.PRA ) is the component faring the best Monday, higher by about 0.8% on the day, while AT&T Global Notes Due 2067 ( TBC ) is lagging other components of the SPDR Wells Fargo Preferred Stock ETF, trading lower by about 1%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
