The PowerShares Water Resources Portfolio ETF is seeing unusually high volume in afternoon trading Friday, with over 523,000 shares traded versus three month average volume of about 61,000. Shares of PHO were down about 0.2% on the day.
Components of that ETF with the highest volume on Friday were Rexnord, trading down about 3% with over 3.1 million shares changing hands so far this session, and Danaher, down about 0.1% on volume of over 2.1 million shares. American States Water is the component faring the best Friday, higher by about 2.6% on the day.
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