The PowerShares Shipping Portfolio ETF (AMEX:SEA) is seeing unusually high volume in afternoon trading Friday, with over 278,000 shares traded versus three month average volume of about 104,000. Shares of SEA were up about 1.3% on the day.
Components of that ETF with the highest volume on Friday were Golar LNG (NASDAQ:GLNG), trading up about 4.8% with over 3.3 million shares changing hands so far this session, and Seaspan Seaspan (NYSE:SSW), up about 10% on volume of over 3.2 million shares. Teekay (NYSE:TK) is lagging other components of the PowerShares Shipping Portfolio ETF Friday, trading lower by about 1.8%.
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