Following yesterday's heightened trading volumes, Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF, iShares MSCI Eurozone ETF, ProShares Ultra Bloomberg Natural Gas were the standout stocks.
Yesterday's session summary: Leading equity indices in the US declined as S&P 500 slipped 0.88% and closed at 4,081.5. Dow Jones shed 0.73% and closed at 33,700.
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 yesterday, some etfs reached high volumes. Here is an update.
A tough session dominated by bearish sentiment left PDBC 14 cents lower, while setting a $14.33 to $14.47 session range.
This year has been a bright one for iShares MSCI Eurozone ETF after trading as low as $31.71 and going on to appreciate by 10.69% year to date. The fund has been trending positively for about a month.
Approximately 8 months ago, ProShares Ultra Bloomberg Natural Gas reached a significant high of $131.79 but has struggled to hold onto its gains and declined 95.55% since then.
— Average trading volume refers to a 21-day rolling average.