The iShares Global Financials ETF is seeing unusually high volume in afternoon trading Thursday, with over 311,000 shares traded versus three month average volume of about 38,000. Shares of IXG were up about 0.7% on the day.
Components of that ETF with the highest volume on Thursday were Bank of America, trading off about 0.3% with over 47.6 million shares changing hands so far this session, and Wells Fargo, down about 0.7% on volume of over 21.9 million shares. Navient is the component faring the best Thursday, higher by about 3.2% on the day, while Lincoln National is lagging other components of the iShares Global Financials ETF, trading lower by about 1%.
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