The Steel ETF (AMEX:SLX) is seeing unusually high volume in afternoon trading Wednesday, with over 91,000 shares traded versus three month average volume of about 78,000. Shares of SLX were up about 0.7% on the day.
Components of that ETF with the highest volume on Wednesday were Arcelormittal SA Luxembourg (NYSE:MT), trading up about 1.1% with over 3.1 million shares changing hands so far this session, and Vale SA (NYSE:VALE), off about 0.9% on volume of over 2.7 million shares. Universal Stainless & Alloy (NASDAQ:USAP) is the component faring the best Wednesday, up by about 3.1% on the day, while Gerdau SA (NYSE:GGB) is lagging other components of the Steel ETF, trading lower by about 1.2%.
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