The iShares U.S. Financial Services ETF ( IYG ) is seeing unusually high volume in afternoon trading Wednesday, with over 122,000 shares traded versus three month average volume of about 106,000. Shares of IYG were down about 0.7% on the day.
Components of that ETF with the highest volume on Wednesday were Bank of America ( BAC ), trading off about 0.6% with over 10.5 million shares changing hands so far this session, and Wells Fargo ( WFC ), down about 0.9% on volume of over 3.0 million shares. Sterling Bancorp ( STL ) is the component faring the best Wednesday, up by about 1.8% on the day, while MSCI ( MSCI ) is lagging other components of the iShares U.S. Financial Services ETF, trading lower by about 1.5%.
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.
