Tuesday's ETF with Unusual Volume: PXI
ETF Channel Staff - Tuesday, December 6, 1:19 PMThe PowerShares DWA Energy Momentum Portfolio ETF (PXI) is seeing unusually high volume in afternoon trading Tuesday, with over 252,000 shares traded versus three month average volume of about 32,000. Shares of PXI were up about 0.1% on the day.
Components of that ETF with the highest volume on Tuesday were Chesapeake Energy (CHK), trading up about 3.3% with over 29.8 million shares changing hands so far this session, and Wpx Energy (WPX), up about 1.1% on volume of over 5.8 million shares. Clayton Williams Energy (CWEI) is lagging other components of the PowerShares DWA Energy Momentum Portfolio ETF Tuesday, trading lower by about 3%.