The PowerShares CEF Income Composite Portfolio ETF (NYSE:PCEF) is seeing unusually high volume in afternoon trading Wednesday, with over 645,000 shares traded versus three month average volume of about 185,000. Shares of PCEF were trading flat on the day.
Components of that ETF with the highest volume on Wednesday were Alliancebernstein Income Fun (ACG), trading up about 0.2% with over 359,000 shares changing hands so far this session, and Nuveen Credit Strategies Income (NYSE:JQC), down about 0.1% on volume of over 280,000 shares. Nuveen Quality Preferred Income Fund Shares (JTP) is the component faring the best Wednesday, higher by about 1.2% on the day, while Pimco Income Strategy Fund II (NYSE:PFN) is lagging other components of the PowerShares CEF Income Composite Portfolio ETF, trading lower by about 0.7%.
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