The following ETFs (United States Oil Fund, LP, ProShares Ultra Bloomberg Natural Gas, ProShares UltraPro Short Dow30) are reaching higher-than-usual volumes.
A short overview of the current market situation: The leading indices are slipping — Dow Jones trades at 34,000 after losing 1%. S&P 500 slipping 1.07% and closing at 3,983.
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 Friday, some ETFs are currently at high volumes. Here is an update.
United States Oil Fund LP ascends to $67.25 (+0.43%) USO set to record its 4th up day in a row; currently 29 cents (0.43%) higher
United States Oil Fund, LP goes up to $67.25 after dipping down to $65 earlier.
United States Oil Fund LP has gained 68.16% over the past year, moving away from its yearly lows around $73.68.
Bearish ProShares Ultra Bloomberg Natural Gas currently $3.21 lower after trading as high as $48.21
ProShares Ultra Bloomberg Natural Gas is range-bound between $45.4 and $48.21 today after shedding $3.21 and closing at $50.69 Friday.
ProShares Ultra Bloomberg Natural Gas is now trading 52.03% below its 3-month high of $131.79.
ProShares UltraPro Short Dow30 climbs 77 cents; sets session high of $25.31
SDOW got off to a strong start by gaining 77 cents (+3.15%), only to run out of steam later in the session around $25.31. Currently, SDOW is trading around the $25.25 level.
— Average trading volume refers to a 21-day rolling average.