Credit: Shutterstock photoThe Invesco S&P 500 Equal Weight Financials ETF ( RYF ) is seeing unusually high volume in afternoon trading Friday, with over 128,000 shares traded versus three month average volume of about 51,000. Shares of RYF were up about 0.7% on the day.
Components of that ETF with the highest volume on Friday were Bank of America ( BAC ), trading up about 0.6% with over 38.7 million shares changing hands so far this session, and Keycorp ( KEY ), down about 0.3% on volume of over 11.4 million shares. Synchrony Financial ( SYF ) is the component faring the best Friday, up by about 6.6% on the day, while State Street ( STT ) is lagging other components of the Invesco S&P 500 Equal Weight Financials ETF, trading lower by about 6.9%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
