The staff at ETFChannel.com points out that this ETF was experiencing unusually high volume in afternoon trading on Wednesday and the staff also highlights the components of the ETF with the highest volume on the day.
The PowerShares Dynamic Leisure and Entertainment Portfolio ETF (PEJ) is seeing unusually high volume in afternoon trading Wednesday, with over 377,000 shares traded versus three month average volume of about 40,000. Shares of PEJ were off about 1.8% on the day. Components of that ETF with the highest volume on Wednesday were Time Warner (TWX), trading down about 9.2% with over 16.6 million shares changing hands so far this session and The Walt Disney Company (DIS), down about 3.7% on volume of over 14.3 million shares. Isle of Capri Casinos (ISLE) is the component faring the best Wednesday, up by about 3.1% on the day, while Papa Johns International (PZZA) is lagging other components of the PowerShares Dynamic Leisure and Entertainment Portfolio ETF, trading lower by about 13.8%.
By the Staff of ETFChannel.com
