Friday's ETF with Unusual Volume: SPHB
ETF Channel Staff - Friday, October 21, 1:43 PMThe PowerShares S&P 500 High Beta Portfolio ETF (SPHB) is seeing unusually high volume in afternoon trading Friday, with over 1.2 million shares traded versus three month average volume of about 295,000. Shares of SPHB were off about 0.6% on the day.
Components of that ETF with the highest volume on Friday were Chesapeake Energy (CHK), trading down about 2.8% with over 57.8 million shares changing hands so far this session, and Bank of America (BAC), up about 0.1% on volume of over 42.0 million shares. E*Trade Financial (ETFC) is the component faring the best Friday, higher by about 4.4% on the day, while Southwestern Energy (SWN) is lagging other components of the PowerShares S&P 500 High Beta Portfolio ETF, trading lower by about 6.2%.