The Water Resources Portfolio ETF (AMEX:PHO) is seeing unusually high volume in afternoon trading Wednesday, with over 378,000 shares traded versus three month average volume of about 93,000. Shares of PHO were off about 1.2% on the day.
Components of that ETF with the highest volume on Wednesday were SBS, trading off about 0.7% with over 1.2 million shares changing hands so far this session, and Flowserve (NYSE:FLS), down about 2.1% on volume of over 1.1 million shares. Energy Recovery (NASDAQ:ERII) is the component faring the best Wednesday, higher by about 1.4% on the day, while Gorman Rupp (AMEX:GRC) is lagging other components of the Water Resources Portfolio ETF, trading lower by about 2.5%.
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