Monday's ETF with Unusual Volume: PBE
ETF Channel Staff - Monday, August 29, 12:23 PM
The PowerShares Dynamic Biotechnology & Genome Portfolio ETF is seeing unusually high volume in afternoon trading Monday, with over 89,000 shares traded versus three month average volume of about 31,000. Shares of PBE were off about 0.6% on the day.
Components of that ETF with the highest volume on Monday were Gilead Sciences, trading off about 1.8% with over 9.5 million shares changing hands so far this session, and Medivation, down about 0.1% on volume of over 3.7 million shares. Inovio Pharmaceuticals is the component faring the best Monday, up by about 5.2% on the day, while Ziopharm Oncology is lagging other components of the PowerShares Dynamic Biotechnology & Genome Portfolio ETF, trading lower by about 3.6%.