The Biotech ETF (BBH) is seeing unusually high volume in afternoon trading Wednesday, with over 101,000 shares traded versus three month average volume of about 29,000. Shares of BBH were off about 0.5% on the day.
Components of that ETF with the highest volume on Wednesday were Illumina (ILMN), trading trading flat with over 19.5 million shares changing hands so far this session, and Gilead Sciences (GILD), up about 0.1% on volume of over 2.0 million shares. Qiagen NV Ord (QGEN) is the component faring the best Wednesday, higher by about 1% on the day, while Dendreon (DNDN) is lagging other components of the Biotech ETF, trading lower by about 3.9%.
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