Utilities ETF Plunges on ‘Tremendous’ Volume, Dividend Tax Concerns
Posted on November 16, 2012 at 11:57 AM EST
Utilities Select Sector SPDR (NYSEArca: XLU) options activity picked up considerably yesterday as the ETF plunged to levels not seen since this early spring and on tremendous volume in the underlying. Typically averaging about 7 million shares, XLU volume topped 15 million shares yesterday and we...