The PowerShares Russell 1000 Equal Weight Portfolio ETF is seeing unusually high volume in afternoon trading Friday, with over 521,000 shares traded versus three month average volume of about 47,000. Shares of EQAL were off about 1% on the day.
Components of that ETF with the highest volume on Friday were Bank of America, trading down about 1.2% with over 58.1 million shares changing hands so far this session, and Micron, down about 3.6% on volume of over 46.3 million shares. SM Energy is the component faring the best Friday, up by about 7.4% on the day, while Ulta Beauty is lagging other components of the PowerShares Russell 1000 Equal Weight Portfolio ETF, trading lower by about 8.6%.
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