Unexpected Surge in Trading Volume for First Trust Financials ETF

FXO Sees Significant Activity, Driven by Major Components

The First Trust Financials AlphaDEX Fund ETF, ticker symbol FXO, is experiencing a surge in trading activity this Thursday afternoon. Surpassing its three-month average, over 90,000 shares have been traded, compared to just about 53,000 on average. On the day, FXO shares have risen by approximately 1.8%.

Among the ETF’s components, Sofi Technologies stands out with a trading increase of around 4.2%, as over 24.0 million shares have exchanged hands during this session. Bank of America has also contributed to the excitement, climbing about 1.9% with a trading volume exceeding 15.7 million shares. Accentuating the day’s gains, SLM has seen its shares rise roughly 4.6%. In contrast, Tradeweb Markets is not faring as well, experiencing a decrease of about 1.1%.

VIDEO: Thursday’s ETF with Unusual Volume: FXO

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