The SPDR S&P Oil & Gas Equipment & Services ETF (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 (HAL), trading off about 0.7% with over 2.4 million shares changing hands so far this session, and Nabors Industries Limited (NBR), down about 1.7% on volume of over 1.6 million shares. Core Laboratories NV (CLB) is the component faring the best Wednesday, up by about 1.1% on the day, while Basic Energy Services (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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