The S&P 500 High Beta Portfolio ETF (AMEX:SPHB) is seeing unusually high volume in afternoon trading Monday, with over 732,000 shares traded versus three month average volume of about 101,000. Shares of SPHB were off about 0.8% on the day.
Components of that ETF with the highest volume on Monday were Bank of America (NYSE:BAC), trading off about 1.8% with over 75 million shares changing hands so far this session, and Advanced Micro Devices (NASDAQ:AMD), up about 1.8% on volume of over 20 million shares. Cliffs Natural Resources (NYSE:CLF) is lagging other components of the S&P 500 High Beta Portfolio ETF Monday, trading lower by about 5.7%.
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