Take a look at the following ETFs: iShares U.S. Treasury Bond ETF, Vanguard Mortgage-Backed Securities Index Fund ETF Shares, Vanguard Total International Bond Index Fund ETF Shares and others showed higher volumes than usual.
Yesterday's session summary: Markets did not have a clear cut direction — S&P 500 slipped 0.33% and closed at 3,577. Dow Jones closed at 29,200 after a flat day.
Why trading volume matters?
Trading volume is simply the total number of shares traded including both buy and sell orders. If a stock has appreciated on high volume, it is more likely to be a sustained move compared to an appreciation with low volume. Typically, high volume trading sessions are considered significant occurrences and closely watched by traders.
While trading was mostly sideways yesterday, several ETFs were actively traded. Here's an update:
Risk-on mood helps GOVT post 0.29% gain yesterday
IShares U.S. Treasury Bond ETF closed yesterday at $22.64 (with a daily low of $22.54) after ending Tuesday at $22.57 and gaining 0.29%.
Stagnant VMBS peaks at $44.72 amid sluggish price action
A quiet day for Vanguard Mortgage-Backed Securities ETF as it remained range-bound within a $44.47 – $44.72 range before closing at $44.58.
Vanguard Mortgage-Backed Securities ETF has shed 6.84% over the past three months.
Stagnant BNDX peaks at $47.21 amid sluggish price action
Vanguard Total International Bond ETF recovered back to $47.13 after dipping down to $46.93, in a session that followed Tuesday's $47.09 close value.
Vanguard Total International Bond ETF is now trading 18% below the significant high of $57.44 it set around 9 months ago.
— Average trading volume refers to a 21-day rolling average.