Friday's ETF with Unusual Volume: PSK
ETF Channel Staff - Friday, January 12, 4:07 PMThe SPDR Wells Fargo Preferred Stock ETF (PSK) is seeing unusually high volume in afternoon trading Friday, with over 470,000 shares traded versus three month average volume of about 81,000. Shares of PSK were off about 0.2% on the day.
Components of that ETF with the highest volume on Friday were Southern (SOJC), trading off about 0.5% with over 533,000 shares changing hands so far this session, and AT&T 5.350% Global Notes Due 2066 (TBB), down about 0.9% on volume of over 202,000 shares. Alabama Power 5.00% Preferred Stock (ALP.PRQ) is the component faring the best Friday, up by about 0.8% on the day, while Southern California Edison 5.375% (SCE.PRJ) is lagging other components of the SPDR Wells Fargo Preferred Stock ETF, trading lower by about 2.1%.