Thursday's ETF with Unusual Volume: PXE
ETF Channel Staff - Thursday, May 24, 1:34 PMThe PowerShares Dynamic Energy Exploration & Production Portfolio ETF (PXE) is seeing unusually high volume in afternoon trading Thursday, with over 314,000 shares traded versus three month average volume of about 32,000. Shares of PXE were down about 0.8% on the day.
Components of that ETF with the highest volume on Thursday were Southwestern Energy (SWN), trading down about 2% with over 10.4 million shares changing hands so far this session, and Denbury Resources (DNR), down about 2.8% on volume of over 7.7 million shares. Delek US Holdings (DK) is the component faring the best Thursday, up by about 3.8% on the day, while Diamondback Energy (FANG) is lagging other components of the PowerShares Dynamic Energy Exploration & Production Portfolio ETF, trading lower by about 3.2%.