The Invesco Oil & Gas Services ETF (PXJ) experienced unusually high trading volume on Tuesday, with over 129,000 shares traded compared to a three-month average of about 25,000. Despite this surge in volume, shares of PXJ decreased by approximately 1.3%.
Key components driving the ETF’s volume included Schlumberger, trading down 0.1% with over 2.4 million shares exchanged, and Halliburton, which fell by 0.7% on similar volume. Profrac Holding was the day’s top performer, gaining about 3.2%, while Kodiak Gas Services saw a significant drop of around 9.1%.
