The iShares U.S. Basic Materials ETF is seeing unusually high volume in afternoon trading Thursday, with over 1.1 million shares traded versus three month average volume of about 63,000. Shares of IYM were up about 0.1% on the day.
Components of that ETF with the highest volume on Thursday were Freeport-Mcmoran, trading up about 0.3% with over 14.5 million shares changing hands so far this session, and Axalta Coating Systems, up about 5.6% on volume of over 3.5 million shares. Albemarle is lagging other components of the iShares U.S. Basic Materials ETF Thursday, trading lower by about 2.4%.
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