The SPDR S&P Oil & Gas Equipment & Services ETF (AMEX:XES) is seeing unusually high volume in afternoon trading Wednesday, with over 151,000 shares traded versus three month average volume of about 148,000. Shares of XES were off about 0.7% on the day.
Components of that ETF with the highest volume on Wednesday were Halliburton (NYSE:HAL), trading off about 0.7% with over 2.4 million shares changing hands so far this session, and Nabors Industries Limited (NYSE:NBR), down about 1.7% on volume of over 1.6 million shares. Core Laboratories NV (NYSE:CLB) is the component faring the best Wednesday, up by about 1.1% on the day, while Basic Energy Services (NYSE:BAS) is lagging other components of the SPDR S&P Oil & Gas Equipment & Services ETF, trading lower by about 3.8%.
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