The iShares Global Financials ETF is seeing unusually high volume in afternoon trading Monday, with over 517,000 shares traded versus three month average volume of about 41,000. Shares of IXG were off about 1.5% on the day.
Components of that ETF with the highest volume on Monday were Bank of America, trading off about 2.1% with over 21.5 million shares changing hands so far this session, and Citigroup, off about 1.9% on volume of over 7.5 million shares. Franklin Resources is the component faring the best Monday, higher by about 0.9% on the day, while Goldman Sachs Group is lagging other components of the iShares Global Financials ETF, trading lower by about 6.5%.
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