Trading in $21 Billion ETF Surges Most in Month on Boeing
- ETF tracking Dow saw four times its average pre-session volume
- Biggest industrial fund had largest volume since Christmas Eve
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Boeing Co. shares are in free fall after this weekend’s deadly air crash, and trading in exchange-traded funds exposed to the manufacturing giant has gone through the roof.
The SPDR Dow Jones Industrial Average ETF Trust, traded as DIA, saw more than four times its average pre-session volume as its Boeing exposure spooked investors. Over 265,000 shares of the $21.1 billion fund traded before 9:30 a.m. in New York, the most since Jan. 30. XLI tracks the gauge of U.S. blue-chip stocks, of which Boeing is the heaviest weighting with 11 percent.