The PowerShares DWA Utilities Momentum Portfolio ETF is seeing unusually high volume in afternoon trading Monday, with over 253,000 shares traded versus three month average volume of about 34,000. Shares of PUI were off about 0.6% on the day.
Components of that ETF with the highest volume on Monday were Verizon Communications, trading up about 0.5% with over 6.3 million shares changing hands so far this session, and Nrg Energy, down about 1.4% on volume of over 1.9 million shares. Scana is the component faring the best Monday, up by about 0.5% on the day, while Shenandoah Telecommunincations is lagging other components of the PowerShares DWA Utilities Momentum Portfolio ETF, trading lower by about 2.2%.
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