The iShares MSCI Global Select Metals & Mining Producers Fund ETF (PICK) is seeing unusually high volume in afternoon trading Monday, with over 102,000 shares traded versus three month average volume of about 36,000. Shares of PICK were down about 0.3% on the day.
Components of that ETF with the highest volume on Monday were Molycorp (MCP), trading up about 4.3% with over 5.4 million shares changing hands so far this session, and Alcoa (AA), off about 0.4% on volume of over 3.9 million shares. US Silica Holdings (SLCA) is the component faring the best Monday, higher by about 7.6% on the day, while Stillwater Mining (SWC) is lagging other components of the iShares MSCI Global Select Metals & Mining Producers Fund ETF, trading lower by about 1%.
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