The S&P 500 Downside Hedged Portfolio ETF (NYSE:PHDG) is seeing unusually high volume in afternoon trading Monday, with over 690,000 shares traded versus three month average volume of about 59,000. Shares of PHDG were off about 0.4% on the day.
Components of that ETF with the highest volume on Monday were Bank of America (NYSE:BAC), trading off about 1% with over 82.7 million shares changing hands so far this session, and Facebook (NASDAQ:FB), down about 2.9% on volume of over 52.8 million shares. Caterpillar (NYSE:CAT) is the component faring the best Monday, higher by about 3.8% on the day, while Xerox (NYSE:XRX) is lagging other components of the S&P 500 Downside Hedged Portfolio ETF, trading lower by about 5.3%.
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