The First Trust Nasdaq Pharmaceuticals ETF (FTXH) experienced significantly higher trading volume on Friday, with over 545,000 shares exchanged, compared to its three-month average of approximately 35,000 shares. The ETF saw a modest gain of 0.5% for the day.
Prominent components driving this activity included Pfizer, trading up 0.1% with over 19 million shares exchanged, and Bristol-Myers Squibb, which rose by 1.2% on a volume exceeding 6.4 million shares. Zoetis performed the best of the components with a 1.8% increase, while Moderna lagged behind, falling approximately 4.8%.
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