The Invesco S&P MidCap Momentum ETF is seeing unusually high volume in afternoon trading Thursday, with over 188,000 shares traded versus three month average volume of about 36,000. Shares of XMMO were down about 2% on the day.
Components of that ETF with the highest volume on Thursday were United States Steel, trading up about 1.1% with over 12.2 million shares changing hands so far this session, and Kohls, down about 12% on volume of over 11.0 million shares. Navient is the component faring the best Thursday, up by about 1.9% on the day.
VIDEO: Thursday’s ETF with Unusual Volume: XMMO
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