The PowerShares S&P 500 High Beta Portfolio ETF (AMEX:SPHB) is seeing unusually high volume in afternoon trading Monday, with over 1.3 million shares traded versus three month average volume of about 102,000. Shares of SPHB were up about 0.3% on the day.
Components of that ETF with the highest volume on Monday were Micron Tech (NASDAQ:MU), trading up about 1.4% with over 33.4 million shares changing hands so far this session, and Bank of America (NYSE:BAC), up about 1.1% on volume of over 31.6 million shares. Citrix Systems (NASDAQ:CTXS) is the component faring the best Monday, higher by about 4.3% on the day, while Western Digital (NASDAQ:WDC) is lagging other components of the PowerShares S&P 500 High Beta Portfolio ETF, trading lower by about 3.7%.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.