The First Trust Nasdaq Bank ETF (NASDAQ:FTXO) is seeing unusually high volume in afternoon trading Friday, with over 1.6 million shares traded versus three month average volume of about 201,000. Shares of FTXO were trading flat on the day.
Components of that ETF with the highest volume on Friday were Bank of America (NYSE:BAC), trading off about 0.4% with over 59.3 million shares changing hands so far this session, and Wells Fargo (NYSE:WFC), up about 0.7% on volume of over 10.5 million shares. Fifth Third Bancorp (NASDAQ:FITB) is lagging other components of the First Trust Nasdaq Bank ETF Friday, trading lower by about 0.7%.
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