IShares 1-3 Year Treasury Bond ETF, iShares 7-10 Year Treasury Bond ETF, Vanguard Health Care Index Fund ETF Shares and others reached higher-than-usual trading volumes.
Yesterday's session summary: Markets did not have a clear cut direction — Dow Jones was down 0.56% before closing the session at 34,400. Nasdaq closed at 11,482 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 SHY post 0.22% gain yesterday
IShares 1-3 Year Treasury Bond ETF went up to $81.43 yesterday, gaining 0.22%.
IShares 1-3 Year Treasury Bond ETF is up 0.82% from the significant low of $80.59 it hit 29 days ago.
IEF added 1.09% to close at $98.48 yesterday IShares 7-10 Year Treasury Bond ETF breaches above $98 for the first time since Sep 21
A bright session dominated by bullish sentiment helped IEF to close $1.06 higher, while setting a $97.57 to $98.5 session range.
VHT ascends to $255.24 after adding 0.35% yesterday
Vanguard Health Care ETF recovered from the previous trading session's losses and went up to $255.24 yesterday after it traded lower at $253.63.
The past 3 months have been positive for Vanguard Health Care ETF as it added 8.74% compared to its 3-month low of $219.51.
— Average trading volume refers to a 21-day rolling average.