Friday's ETF with Unusual Volume: REM
ETF Channel Staff - Friday, May 6, 12:28 PMThe iShares Mortgage Real Estate Capped ETF (REM) is seeing unusually high volume in afternoon trading Friday, with over 3.8 million shares traded versus three month average volume of about 984,000. Shares of REM were up about 1.2% on the day.
Components of that ETF with the highest volume on Friday were Annaly Capital Management (NLY), trading up about 2.1% with over 7.8 million shares changing hands so far this session, and American Capital Agency (AGNC), up about 1.6% on volume of over 2.7 million shares. Redwood Trust (RWT) is the component faring the best Friday, up by about 3.7% on the day, while Western Asset Mortgage Capital (WMC) is lagging other components of the iShares Mortgage Real Estate Capped ETF, trading lower by about 4.1%.