The SPDR S&P Oil & Gas Equipment & Services ETF (AMEX:XES) is seeing unusually high volume in afternoon trading Wednesday, with over 278,000 shares traded versus three month average volume of about 105,000. Shares of XES were up about 1.7% on the day.
Components of that ETF with the highest volume on Wednesday were Halliburton (NYSE:HAL), trading up about 4.6% with over 18.4 million shares changing hands so far this session, and Weatherford International Limited (NYSE:WFT), up about 1.1% on volume of over 8.4 million shares. Patterson-uti Energy (NASDAQ:PTEN) is the component faring the best Wednesday, up by about 5% on the day, while Oceaneering International (NYSE:OII) is lagging other components of the SPDR S&P Oil & Gas Equipment & Services ETF, trading up by about 0.3%.
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