Direxion Daily FTSE China Bull 3X Shares, United States Oil Fund, LP, iShares Preferred and Income Securities ETF and others reached higher-than-usual trading volumes.
Today's session summary: Leading equity indices in the US declined as Nasdaq closed at 10,984, a 0.59% change. S&P 500 closed at 3,957.63, a 0.16% change.
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.
YINN ascends to $39.06 after adding 14.88% today
After finishing yesterday at $34, Direxion Daily FTSE China Bull 3X Shares went up to $39.62 before paring its losses and closing at $39.06.
Approximately 5 months ago, Direxion Daily FTSE China Bull 3X Shares reached a significant high of $102.67 but has struggled to hold onto its gains and declined 66.88% since then.
USO added 2.18% to close at $68.34 today
After ending yesterday at $66.88, United States Oil Fund LP went up to $69.12 only to drop back, yet still traded well overall and closed at $68.34 today.
PFF closed at $31.4 after losing 1.16% today
IShares Preferred & Income Securities ETF slid down from $31.77 to $31.4, taking a 37 cents loss (1.16%)
IShares Preferred & Income Securities ETF hit a significant low of $29.95 around 25 days ago, but has since recovered 6.08%.
— Average trading volume refers to a 21-day rolling average.