The First Trust Utilities AlphaDEX Fund ETF (AMEX:FXU) is seeing unusually high volume in afternoon trading Wednesday, with over 161,000 shares traded versus three month average volume of about 28,000. Shares of FXU were off about 0.3% on the day.
Components of that ETF with the highest volume on Wednesday were Sprint Nextel (NYSE:S), trading up about 0.9% with over 11.2 million shares changing hands so far this session, and Level 3 Communications (NYSE:LVLT), up about 1.4% on volume of over 8.5 million shares. Energen (NYSE:EGN) is the component faring the best Wednesday, higher by about 3.1% on the day, while Firstenergy (NYSE:FE) is lagging other components of the First Trust Utilities AlphaDEX Fund ETF, trading lower by about 2.1%.
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