The SPDR S&P Pharmaceuticals ETF (AMEX:XPH) is seeing unusually high volume in afternoon trading Wednesday, with over 298,000 shares traded versus three month average volume of about 61,000. Shares of XPH were up about 0.1% on the day.
Components of that ETF with the highest volume on Wednesday were Pfizer (NYSE:PFE), trading up about 0.2% with over 13.2 million shares changing hands so far this session, and Johnson & Johnson (NYSE:JNJ), down about 0.4% on volume of over 5.6 million shares. ViroPharma (VPHM) is the component faring the best Wednesday, up by about 3.7% on the day, while Akorn (NASDAQ:AKRX) is lagging other components of the SPDR S&P Pharmaceuticals ETF, trading lower by about 3.1%.
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