The PowerShares Russell 1000 Equal Weight Portfolio ETF ( EQAL ) is seeing unusually high volume in afternoon trading Wednesday, with over 91,000 shares traded versus three month average volume of about 28,000. Shares of EQAL were off about 1.1% on the day.
Components of that ETF with the highest volume on Wednesday were Bank of America ( BAC ), trading off about 0.4% with over 39.0 million shares changing hands so far this session, and Apple ( AAPL ), down about 1.3% on volume of over 27.7 million shares. Signet Jewelers ( SIG ) is the component faring the best Wednesday, up by about 1.9% on the day, while EP Energy ( EPE ) is lagging other components of the PowerShares Russell 1000 Equal Weight Portfolio ETF, trading lower by about 11.6%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.