The iShares Dow Jones U.S. Regional Banks Index Fund ETF (AMEX:IAT) is seeing unusually high volume in afternoon trading Friday, with over 409,000 shares traded versus three month average volume of about 72,000. Shares of IAT were off about 1.2% on the day.
Components of that ETF with the highest volume on Friday were Regions Financial (NYSE:RF), trading off about 2% with over 6.1 million shares changing hands so far this session, and Keycorp (NYSE:KEY), down about 1.3% on volume of over 2.6 million shares. Prosperity Bancshares (NYSE:PB) is the component faring the best Friday, higher by about 0.2% on the day, while Cathay General Bancorp (NASDAQ:CATY) is lagging other components of the iShares Dow Jones U.S. Regional Banks Index Fund ETF, trading lower by about 2.5%.
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