The iShares Global Materials ETF is seeing unusually high volume in afternoon trading Monday, with over 439,000 shares traded versus three month average volume of about 35,000. Shares of MXI were up about 0.8% on the day.
Components of that ETF with the highest volume on Monday were Vale, trading up about 2% with over 10.8 million shares changing hands so far this session, and Freeport-mcmoran, off about 0.4% on volume of over 4.9 million shares. CF Industries Holdings is the component faring the best Monday, higher by about 3.5% on the day, while Sealed Air is lagging other components of the iShares Global Materials ETF, trading lower by about 0.9%.
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