The iShares Global Materials ETF (NYSE:MXI) is seeing unusually high volume in afternoon trading Wednesday, with over 455,000 shares traded versus three month average volume of about 51,000. Shares of MXI were trading flat on the day.
Components of that ETF with the highest volume on Wednesday were Alcoa (NYSE:AA), trading up about 3.7% with over 17.1 million shares changing hands so far this session, and Newmont Mining (NYSE:NEM), down about 0.8% on volume of over 5.7 million shares. BVN is lagging other components of the iShares Global Materials ETF Wednesday, trading lower by about 2%.
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