The SPDR S&P Pharmaceuticals ETF (XPH) is seeing unusually high volume in afternoon trading Wednesday, with over 357,000 shares traded versus three month average volume of about 121,000. Shares of XPH were up about 0.3% on the day.
Components of that ETF with the highest volume on Wednesday were Pfizer (PFE), trading up about 0.2% with over 11.5 million shares changing hands so far this session, and Bristol Myers Squibb (BMY), up about 0.6% on volume of over 6.5 million shares. Hi-tech Pharmacal (HITK) is the component faring the best Wednesday, higher by about 2.6% on the day, while Impax Laboratories (IPXL) is lagging other components of the SPDR S&P Pharmaceuticals ETF, trading lower by about 2.7%.
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