The iShares Edge MSCI USA Momentum Factor ETF (AMEX:MTUM) is seeing unusually high volume in afternoon trading Tuesday, with over 580,000 shares traded versus three month average volume of about 231,000. Shares of MTUM were off about 0.1% on the day.
Components of that ETF with the highest volume on Tuesday were Facebook (NASDAQ:FB), trading down about 0.2% with over 10.9 million shares changing hands so far this session, and Micron Tech (NASDAQ:MU), up about 0.1% on volume of over 10.6 million shares. Corning (NYSE:GLW) is the component faring the best Tuesday, higher by about 1.7% on the day, while Johnson & Johnson (NYSE:JNJ) is lagging other components of the iShares Edge MSCI USA Momentum Factor ETF, trading lower by about 3.3%.
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