The Pharmaceutical ETF (AMEX:PPH) is seeing unusually high volume in afternoon trading Wednesday, with over 377,000 shares traded versus three month average volume of about 101,000. Shares of PPH were down about 0.1% on the day.
Components of that ETF with the highest volume on Wednesday were Pfizer (NYSE:PFE), trading off about 0.2% with over 9.9 million shares changing hands so far this session, and Glaxosmithkline (NYSE:GSK), down about 5% on volume of over 7.9 million shares. Actavis (NYSE:ACT) is the component faring the best Wednesday, higher by about 1.4% on the day.
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