The PowerShares S&P 500 High Beta Portfolio ETF (AMEX:SPHB) is seeing unusually high volume in afternoon trading Tuesday, with over 5.8 million shares traded versus three month average volume of about 430,000. Shares of SPHB were up about 0.7% on the day.
Components of that ETF with the highest volume on Tuesday were Bank of America (NYSE:BAC), trading up about 0.7% with over 61.0 million shares changing hands so far this session, and Chesapeake Energy (NYSE:CHK), off about 2.6% on volume of over 34.0 million shares. Endo International (NASDAQ:ENDP) is the component faring the best Tuesday, up by about 5.3% on the day, while Southwestern Energy (NYSE:SWN) is lagging other components of the PowerShares S&P 500 High Beta Portfolio ETF, trading lower by about 10.1%.
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