Friday's ETF with Unusual Volume: IAI
ETF Channel Staff - Friday, February 1, 12:27 PMThe iShares Dow Jones U.S. Broker-Dealers Index Fund ETF (IAI) is seeing unusually high volume in afternoon trading Friday, with over 279,000 shares traded versus three month average volume of about 25,000. Shares of IAI were up about 1.1% on the day.
Components of that ETF with the highest volume on Friday were Morgan Stanley (MS), trading up about 2.2% with over 7.0 million shares changing hands so far this session, and Schwab Charles (SCHW), up about 2.1% on volume of over 4.0 million shares. Investment Tech Group (ITG) is the component faring the best Friday, higher by about 4.2% on the day, while Jefferies Group (JEF) is lagging other components of the iShares Dow Jones U.S. Broker-Dealers Index Fund ETF, trading lower by about 0.2%.