News

The iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) is seeing unusually high volume in afternoon trading Wednesday, with over 1.2 million shares traded versus three month average volume of about 107,000. Shares of IAI were down about 1.1% on the day.

Components of that ETF with the highest volume on Wednesday were Coinbase Global (COIN), trading up about 2.3% with over 4.9 million shares changing hands so far this session, and Robinhood Markets (HOOD), down about 0.1% on volume of over 4.6 million shares. Interactive Brokers Group (IBKR) is the component faring the best Wednesday, up by about 2.5% on the day, while Open Lending (LPRO) is lagging other components of the iShares U.S. Broker-Dealers & Securities Exchanges ETF, trading lower by about 4.4%.

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