The iShares Russell 1000 ETF (NYSE:IWB) is seeing unusually high volume in afternoon trading Wednesday, with over 6.8 million shares traded versus three month average volume of about 584,000. Shares of IWB were up about 0.5% on the day.
Components of that ETF with the highest volume on Wednesday were Peabody Energy (BTU), trading down about 25.1% with over 55.5 million shares changing hands so far this session, and Bank of America (BAC), up about 0.6% on volume of over 41.2 million shares. Chubb (CB) is the component faring the best Wednesday, higher by about 28.9% on the day, while Baxter International (BAX) is lagging other components of the iShares Russell 1000 ETF, trading lower by about 44.9%.
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