The SPDR S&P Oil & Gas Equipment & Services ETF (AMEX:XES) is seeing unusually high volume in afternoon trading Wednesday, with over 277,000 shares traded versus three month average volume of about 69,000. Shares of XES were up about 0.8% on the day.
Components of that ETF with the highest volume on Wednesday were Schlumberger (NYSE:SLB), trading up about 4.8% with over 9.2 million shares changing hands so far this session, and Hercules Offshore (NASDAQ:HERO), up about 2.5% on volume of over 7.2 million shares. Rowan Companies (NYSE:RDC) is lagging other components of the SPDR S&P Oil & Gas Equipment & Services ETF Wednesday, trading lower by about 1.9%.
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