The Invesco Energy Exploration & Production ETF (PXE) experienced a significant trading surge on Monday, with over 724,000 shares exchanged, starkly higher than its three-month average volume of approximately 45,000 shares. As of the afternoon, PXE shares rose by about 0.9%.
Key components driving this volume included Occidental Petroleum, trading up 1.3% with over 5 million shares exchanged, and Devon Energy, which gained 1.9% on more than 3.5 million shares. Par Pacific Holdings led the day’s performance with a 3.1% increase, while EQT lagged, trading down 1.8%.
