The iShares U.S. Financial Services ETF (AMEX:IYG) is seeing unusually high volume in afternoon trading Monday, with over 166,000 shares traded versus three month average volume of about 56,000. Shares of IYG were down about 1.1% on the day.
Components of that ETF with the highest volume on Monday were Bank of America (NYSE:BAC), trading down about 5.7% with over 212.0 million shares changing hands so far this session, and Citigroup (NYSE:C), off about 0.5% on volume of over 12.2 million shares. Cash American International (NYSE:CSH) is the component faring the best Monday, higher by about 1.4% on the day.
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