The Social Media Index ETF (NASDAQ:SOCL) is seeing unusually high volume in afternoon trading Tuesday, with over 706,000 shares traded versus three month average volume of about 63,000. Shares of SOCL were down about 0.4% on the day.
Components of that ETF with the highest volume on Tuesday were Twitter (NYSE:TWTR), trading off about 1.6% with over 10.0 million shares changing hands so far this session, and Facebook (NASDAQ:FB), down about 0.2% on volume of over 9.9 million shares. Angi Homeservices (NASDAQ:ANGI) is the component faring the best Tuesday, higher by about 2% on the day, while Pandora Media (NYSE:P) is lagging other components of the Social Media Index ETF, trading lower by about 4.5%.
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