The PowerShares DWA Energy Momentum Portfolio ETF (AMEX: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 (NYSE:PVA), trading up about 15.2% with over 5.9 million shares changing hands so far this session, and Chesapeake Energy (NYSE:CHK), up about 1% on volume of over 4.1 million shares. Era Group (NYSE:ERA) is lagging other components of the PowerShares DWA Energy Momentum Portfolio ETF Tuesday, trading lower by about 2.4%.
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