The iShares U.S. Transportation ETF (AMEX:IYT) is seeing unusually high volume in afternoon trading Wednesday, with over 548,000 shares traded versus three month average volume of about 279,000. Shares of IYT were down about 3.1% on the day.
Components of that ETF with the highest volume on Wednesday were American Airlines Group (NASDAQ:AAL), trading off about 1.2% with over 12.3 million shares changing hands so far this session, and Uber Technologies (NYSE:UBER), down about 3.8% on volume of over 11.5 million shares. Hertz Global Holdings (NASDAQ:HTZ) is the component faring the best Wednesday, higher by about 2.4% on the day, while Old Dominion Freight Line (NASDAQ:ODFL) is lagging other components of the iShares U.S. Transportation ETF, trading lower by about 8.5%.
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