The iShares U.S. Oil & Gas Exploration & Production ETF (AMEX:IEO) is seeing unusually high volume in afternoon trading Tuesday, with over 1.1 million shares traded versus three month average volume of about 119,000. Shares of IEO were up about 1.2% on the day.
Components of that ETF with the highest volume on Tuesday were Valero Energy (NYSE:VLO), trading off about 1.7% with over 12.4 million shares changing hands so far this session, and Chesapeake Energy (NYSE:CHK), up about 1.7% on volume of over 9.7 million shares. Ultra Petroleum (NASDAQ:UPL) is the component faring the best Tuesday, up by about 5.5% on the day, while Oasis Petroleum (NYSE:OAS) is lagging other components of the iShares U.S. Oil & Gas Exploration & Production ETF, trading lower by about 5.5%.
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