The iShares Global Materials ETF is seeing unusually high volume in afternoon trading Tuesday, with over 99,000 shares traded versus three month average volume of about 38,000. Shares of MXI were up about 1% on the day.
Components of that ETF with the highest volume on Tuesday were Vale, trading up about 2.1% with over 17.1 million shares changing hands so far this session, and Freeport-mcmoran, up about 1.2% on volume of over 6.7 million shares. Gerdau is the component faring the best Tuesday, higher by about 5.3% on the day, while Eastman Chemical is lagging other components of the iShares Global Materials ETF, trading lower by about 1.1%.
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