The PowerShares DWA Energy Momentum Portfolio ETF (PXI) is seeing unusually high volume in afternoon trading Tuesday, with over 61,000 shares traded versus three month average volume of about 25,000. Shares of PXI were up about 1.7% on the day.
Components of that ETF with the highest volume on Tuesday were Penn Virginia (PVA), trading up about 15.2% with over 5.9 million shares changing hands so far this session, and Chesapeake Energy (CHK), up about 1% on volume of over 4.1 million shares. Era Group (ERA) is lagging other components of the PowerShares DWA Energy Momentum Portfolio ETF Tuesday, trading lower by about 2.4%.
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