The Dynamic Oil & Gas Services Portfolio ETF (AMEX:PXJ) is seeing unusually high volume in afternoon trading Thursday, with over 692,000 shares traded versus three month average volume of about 43,000. Shares of PXJ were off about 2.4% on the day.
Components of that ETF with the highest volume on Thursday were Weatherford International Limited (NYSE:WFT), trading down about 2.6% with over 3.9 million shares changing hands so far this session, and Halliburton (NYSE:HAL), down about 2.5% on volume of over 2.9 million shares. Diamond Offshore Drilling (NYSE:DO) is the component faring the best Thursday, lower by about 1.3% on the day, while Newpark Resources (NYSE:NR) is lagging other components of the Dynamic Oil & Gas Services Portfolio ETF, trading lower by about 3.8%.
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.