The PowerShares S&P 500 BuyWrite Portfolio ETF (NYSE:PBP) is seeing unusually high volume in afternoon trading Wednesday, with over 953,000 shares traded versus three month average volume of about 147,000. Shares of PBP were up about 0.7% on the day.
Components of that ETF with the highest volume on Wednesday were Cisco Systems (NASDAQ:CSCO), trading down about 0.6% with over 20.1 million shares changing hands so far this session, and Facebook (NASDAQ:FB), up about 1.8% on volume of over 19.7 million shares. Vertex Pharmaceuticals (NASDAQ:VRTX) is the component faring the best Wednesday, up by about 3.7% on the day, while Macys (NYSE:M) is lagging other components of the PowerShares S&P 500 BuyWrite Portfolio ETF, trading lower by about 5.6%.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.