ProShares Ultra Bloomberg Natural Gas, iShares S&P 500 Value ETF, iPath Series B S&P 500 VIX Short-Term Futures ETN and others reached higher-than-usual trading volumes.
A recap of today's session: Leading equity indices in the US declined as after dropping 1.44%, S&P 500 closed at 3,941.26. Nasdaq slipped 2% and closed at 11,000.
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.
Though trading was down today, some ETFs reached high volumes. Here is an update.
BOIL falls back to $25.73 after shedding 8.34% today Losing streak continues: ProShares Ultra Bloomberg Natural Gas down 8.34%, closes at $25.73, making it the 8th consecutive day of losses
ProShares Ultra Bloomberg Natural Gas slid down from $28.07 to $25.73, taking a $2.34 loss (8.34%)
ProShares Ultra Bloomberg Natural Gas traded as high as $131.79 before shedding 78.7% lower over the past six months.
IVE closed at $147.57 after losing 1.04% today
IShares S&P 500 Value ETF slid into the red after losing $1.55 and ending the session at $147.57.
IShares S&P 500 Value ETF is now trading 16.03% above the significant low ($128.52) it slumped to 2 months ago.
VXX ascends to $15.07 after adding 3% today
A bright session dominated by bullish sentiment helped VXX to close 44 cents higher, while setting a $14.42 to $15.2 session range.
All in all, the fund has been on a negative trend for around a month.
— Average trading volume refers to a 21-day rolling average.