The iShares MSCI USA Momentum Factor ETF (AMEX:MTUM) is seeing unusually high volume in afternoon trading Wednesday, with over 77,000 shares traded versus three month average volume of about 27,000. Shares of MTUM were off about 0.1% on the day.
Components of that ETF with the highest volume on Wednesday were Facebook (NASDAQ:FB), trading up about 1.6% with over 24.1 million shares changing hands so far this session, and Yahoo! (NASDAQ:YHOO), up about 3.2% on volume of over 20.3 million shares. Humana (NYSE:HUM) is lagging other components of the iShares MSCI USA Momentum Factor ETF Wednesday, trading lower by about 5.9%.
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