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The Unconventional Oil & Gas ETF (FRAK) is seeing unusually high volume in afternoon trading Wednesday, with over 67,000 shares traded versus three month average volume of about 31,000. Shares of FRAK were up about 1.2% on the day.
Components of that ETF with the highest volume on Wednesday were Chesapeake Energy (CHK), trading off about 3.3% with over 15.4 million shares changing hands so far this session, and WPX Energy (WPX), up about 5.4% on volume of over 5.6 million shares. Meg Energy (MEG.CA) is lagging other components of the Unconventional Oil & Gas ETF Wednesday, trading lower by about 4.6%.
