The iShares MSCI Global Metals & Mining Producers ETF (AMEX:PICK) is seeing unusually high volume in afternoon trading Thursday, with over 393,000 shares traded versus three month average volume of about 153,000. Shares of PICK were up about 0.6% on the day.
Components of that ETF with the highest volume on Thursday were Freeport Mcmoran (NYSE:FCX), trading off about 0.4% with over 8.4 million shares changing hands so far this session, and United States Steel (NYSE:X), off about 1.6% on volume of over 4.4 million shares. Vedanta (NYSE:VEDL) is the component faring the best Thursday, up by about 0.9% on the day, while Mechel (NYSE:MTL) is lagging other components of the iShares MSCI Global Metals & Mining Producers ETF, trading lower by about 2.4%.
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