The iShares U.S. Basic Materials ETF (NYSE:IYM) is seeing unusually high volume in afternoon trading Thursday, with over 622,000 shares traded versus three month average volume of about 180,000. Shares of IYM were off about 0.5% on the day.
Components of that ETF with the highest volume on Thursday were United States Steel (NYSE:X), trading up about 6.3% with over 39.4 million shares changing hands so far this session, and Freeport-McMoRan (NYSE:FCX), down about 0.2% on volume of over 12.7 million shares. Albemarle (NYSE:ALB) is lagging other components of the iShares U.S. Basic Materials ETF Thursday, trading lower by about 4.2%.
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