The S&P 500 High Beta Portfolio ETF (AMEX:SPHB) is seeing unusually high volume in afternoon trading Wednesday, with over 243,000 shares traded versus three month average volume of about 90,000. Shares of SPHB were down about 0.5% on the day.
Components of that ETF with the highest volume on Wednesday were Bank of America (NYSE:BAC), trading up about 3% with over 306.0 million shares changing hands so far this session, and Regions Financial (NYSE:RF), up about 6.2% on volume of over 109.4 million shares. Zions Ban (NASDAQ:ZION) is the component faring the best Wednesday, up by about 7.4% on the day, while Metlife (NYSE:MET) is lagging other components of the S&P 500 High Beta Portfolio ETF, trading lower by about 5%.
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