Friday's ETF with Unusual Volume: MXI
updated Friday, July 6, 2:17 PMThe iShares Global Materials ETF (MXI) is seeing unusually high volume in afternoon trading Friday, with over 153,000 shares traded versus three month average volume of about 26,000. Shares of MXI were up about 0.8% on the day.
Components of that ETF with the highest volume on Friday were Gerdau (GGB), trading up about 4.2% with over 14.0 million shares changing hands so far this session, and Vale (VALE), up about 2.7% on volume of over 9.3 million shares. Newmont Mining (NEM) is lagging other components of the iShares Global Materials ETF Friday, trading lower by about 1.5%.
For MarketNewsVideo.com, I'm Sayoko Murase.