The iShares Dow Jones U.S. Telecommunications Sector Index Fund ETF (AMEX:IYZ) is seeing unusually high volume in afternoon trading Wednesday, with over 1.1 million shares traded versus three month average volume of about 349,000. Shares of IYZ were off about 0.7% on the day.
Components of that ETF with the highest volume on Wednesday were Level 3 Communications (NYSE:LVLT), trading down about 5.2% with over 32.0 million shares changing hands so far this session, and Sprint Nextel (NYSE:S), down about 0.8% on volume of over 21.7 million shares. Virgin Media (NASDAQ:VMED) is the component faring the best Wednesday, up by about 0.4% on the day, while General Communications (NASDAQ:GNCMA) is lagging other components of the iShares Dow Jones U.S. Telecommunications Sector Index Fund ETF, trading lower by about 7.7%.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.