Thursday's ETF with Unusual Volume: FTXN
ETF Channel Staff - Thursday, February 21, 1:38 PMThe First Trust Nasdaq Oil & Gas ETF (FTXN) is seeing unusually high volume in afternoon trading Thursday, with over 87,000 shares traded versus three month average volume of about 27,000. Shares of FTXN were off about 1.7% on the day.
Components of that ETF with the highest volume on Thursday were Chesapeake Energy (CHK), trading down about 4.7% with over 28.0 million shares changing hands so far this session, and Devon Energy (DVN), down about 1.6% on volume of over 12.3 million shares. Intelsat (I) is the component faring the best Thursday, up by about 0.8% on the day, while SM Energy (SM) is lagging other components of the First Trust Nasdaq Oil & Gas ETF, trading lower by about 10.6%.