The First Trust NASDAQ-100 Equal Weighted Index Fund ETF (NASDAQ:QQEW) is seeing unusually high volume in afternoon trading Thursday, with over 649,000 shares traded versus three month average volume of about 75,000. Shares of QQEW were down about 1.4% on the day.
Components of that ETF with the highest volume on Thursday were Advanced Micro Devices (NASDAQ:AMD), trading down about 2.8% with over 59.6 million shares changing hands so far this session, and Micron Technology (NASDAQ:MU), off about 5.1% on volume of over 27.7 million shares. Electronic Arts (NASDAQ:EA) is the component faring the best Thursday, higher by about 4.8% on the day, while Biogen (NASDAQ:BIIB) is lagging other components of the First Trust NASDAQ-100 Equal Weighted Index Fund ETF, trading lower by about 5.7%.
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