The iShares MSCI USA Momentum Factor ETF (AMEX:MTUM) is seeing unusually high volume in afternoon trading Friday, with over 77,000 shares traded versus three month average volume of about 28,000. Shares of MTUM were trading flat on the day.
Components of that ETF with the highest volume on Friday were Facebook (NASDAQ:FB), trading down about 0.1% with over 13.5 million shares changing hands so far this session, and Yahoo (YHOO), up about 2.2% on volume of over 9.8 million shares. Activision Blizzard (NASDAQ:ATVI) is the component faring the best Friday, higher by about 2.3% on the day, while Alexion Pharmaceuticals (NASDAQ:ALXN) is lagging other components of the iShares MSCI USA Momentum Factor ETF, trading lower by about 2.5%.
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