The SPDR— S&P— Bank ETF is seeing unusually high volume in afternoon trading Tuesday, with over 7.6 million shares traded versus three month average volume of about 2.5 million. Shares of KBE were up about 3.1% on the day.
Components of that ETF with the highest volume on Tuesday were Bank of America, trading up about 3% with over 27.1 million shares changing hands so far this session, and Wells Fargo, up about 2.6% on volume of over 15.3 million shares. Northern Trust is the component faring the best Tuesday, up by about 5.3% on the day, while Texas Capital Bancshares is lagging other components of the SPDR— S&P— Bank ETF, trading up by about 0.5%.
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