updated Wednesday, April 6, 1:07 PM
The PowerShares DWA Basic Materials Momentum Portfolio ETF (PYZ) is seeing unusually high volume in afternoon trading Wednesday, with over 75,000 shares traded versus three month average volume of about 26,000. Shares of PYZ were up about 0.7% on the day.
Components of that ETF with the highest volume on Wednesday were Alcoa (AA), trading up about 0.8% with over 10.8 million shares changing hands so far this session, and United States Steel (X), up about 3.1% on volume of over 10.2 million shares. Cambrex (CBM) is the component faring the best Wednesday, up by about 4.7% on the day, while Minerals Tech (MTX) is lagging other components of the PowerShares DWA Basic Materials Momentum Portfolio ETF, trading lower by about 1%.
For MarketNewsVideo.com, I'm Sayoko Murase.
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