The Aerospace & Defense Portfolio ETF (AMEX:PPA) is seeing unusually high volume in afternoon trading Tuesday, with over 311,000 shares traded versus three month average volume of about 28,000. Shares of PPA were up about 0.8% on the day.
Components of that ETF with the highest volume on Tuesday were United Technologies (NYSE:UTX), trading off about 0.9% with over 3.2 million shares changing hands so far this session, and Exelis (NYSE:XLS), up about 1.8% on volume of over 1.7 million shares. Taser International (NASDAQ:TASR) is the component faring the best Tuesday, up by about 6.1% on the day, while Booz Allen Hamilton (NYSE:BAH) is lagging other components of the Aerospace & Defense Portfolio ETF, trading lower by about 1.4%.
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