The First Trust Nasdaq Oil & Gas ETF is seeing unusually high volume in afternoon trading Friday, with over 534,000 shares traded versus three month average volume of about 67,000. Shares of FTXN were down about 5% on the day.
Components of that ETF with the highest volume on Friday were Venture Global, trading down about 10.2% with over 20.3 million shares changing hands so far this session, and Transocean, off about 7.3% on volume of over 18.6 million shares. Weatherford International is the component faring the best Friday, up by about 2.4% on the day, while SM Energy is lagging other components of the First Trust Nasdaq Oil & Gas ETF, trading lower by about 10.4%.
VIDEO: Friday's ETF with Unusual Volume: FTXN
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
