Thursday's ETF with Unusual Volume: MTUM
ETF Channel Staff - Thursday, July 31, 1:38 PMThe iShares MSCI USA Momentum Factor ETF (MTUM) is seeing unusually high volume in afternoon trading Thursday, with over 135,000 shares traded versus three month average volume of about 28,000. Shares of MTUM were down about 1.6% on the day.
Components of that ETF with the highest volume on Thursday were Micron (MU), trading off about 6.7% with over 38.4 million shares changing hands so far this session, and Facebook (FB), off about 2.1% on volume of over 20.2 million shares. T-Mobile US (TMUS) is the component faring the best Thursday, up by about 5.5% on the day, while L 3 Communications Holdings (LLL) is lagging other components of the iShares MSCI USA Momentum Factor ETF, trading lower by about 16%.