The Communication Services Select Sector SPDR Fund ETF ( XLC ) is seeing unusually high volume in afternoon trading Wednesday, with over 18.5 million shares traded versus three month average volume of about 3.6 million. Shares of XLC were off about 0.2% on the day.
Components of that ETF with the highest volume on Wednesday were AT&T ( T ), trading up about 0.2% with over 11.7 million shares changing hands so far this session, and Facebook ( FB ), off about 0.7% on volume of over 11.2 million shares. Comcast ( CMCSA ) is the component faring the best Wednesday, higher by about 0.8% on the day, while Omnicom Group ( OMC ) is lagging other components of the Communication Services Select Sector SPDR Fund ETF, trading lower by about 2%.
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