The highest trading volumes during yesterday's session were recorded by: MicroSectors FANG+ Index -3X Inverse Leveraged ETN, iShares MSCI USA Value Factor ETF, ProShares Ultra Bloomberg Natural Gas.
Here's an update with information from the last trading session: Markets completed a mixed session yesterday, as Nasdaq gained 3.25% and closed at 12,200. S&P 500 ended the session at 4,179.76 after a 1.47% gain.
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:
MicroSectors FANG+ Index -3X Inverse Leveraged ETN went down to $23.16 (20.77%), adding to its four days of losses. MicroSectors FANG+™ Index -3X Inverse Leveraged ETN hit a significant low of $23.16 around a day ago, but has since recovered 26.21%. All in all, the fund has been on a negative trend for around a month.
IShares MSCI USA Value Factor ETF has gained 9.26% since its lowest print of $81.86 earlier this year.
Shareholders to attain annual dividend yield of 2.93% this year
ProShares Ultra Bloomberg Natural Gas is now trading 95.23% below the significant high of $131.79 it set around 7 months ago.
— Average trading volume refers to a 21-day rolling average.