The Market Vectors Pharmaceutical ETF (AMEX:PPH) is seeing unusually high volume in afternoon trading Friday, with over 192,000 shares traded versus three month average volume of about 30,000. Shares of PPH were up about 0.3% on the day.
Components of that ETF with the highest volume on Friday were Pfizer (NYSE:PFE), trading up about 0.3% with over 6.4 million shares changing hands so far this session, and Merck (NYSE:MRK), trading flat on volume of over 2.3 million shares. Novartis (NYSE:NVS) is the component faring the best Friday, higher by about 1.8% on the day, while Questcor Pharmaceuticals (NASDAQ:QCOR) is lagging other components of the Market Vectors Pharmaceutical ETF, trading lower by about 1.6%.
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