The iShares Global Energy ETF (AMEX:IXC) is seeing unusually high volume in afternoon trading Friday, with over 611,000 shares traded versus three month average volume of about 157,000. Shares of IXC were up about 0.3% on the day.
Components of that ETF with the highest volume on Friday were Chesapeake Energy (NYSE:CHK), trading up about 0.8% with over 14.9 million shares changing hands so far this session, and Transocean Limited (NYSE:RIG), up about 1.1% on volume of over 6.9 million shares. EQT (NYSE:EQT) is the component faring the best Friday, higher by about 5.7% on the day, while Marathon Oil (NYSE:MRO) is lagging other components of the iShares Global Energy ETF, trading lower by about 1.2%.
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