ProShares Ultra Bloomberg Natural Gas, iShares MSCI ACWI ETF, Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares and others reached higher-than-usual trading volumes.
A quick recap of where the last trading session ended: Leading equity indices in the US declined as after dropping 1.79%, S&P 500 closed at 3,999. Dow Jones shed 1.4% and closed at 33,947.
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 closed at $28.12 after losing 20.75% today ProShares Ultra Bloomberg Natural Gas continued its seven days losing streak, dropping by $7.36, closing at $28.12
A tough session dominated by bearish sentiment left BOIL $7.36 lower, while setting a $27.53 to $30.98 session range.
ProShares Ultra Bloomberg Natural Gas is now trading 73.08% below the significant high of $131.79 it set around 5 months ago.
ACWI falls back to $88.19 after shedding 1.71% today
IShares MSCI ACWI ETF slid into the red after losing $1.53 and ending the session at $88.19.
IShares MSCI ACWI ETF hit a significant low of $77.52 around a month ago, but has since recovered 15.74%.
DRIP ascends to $13.72 after adding 9.41% today
A bright session dominated by bullish sentiment helped DRIP to close $1.18 higher, while setting a $12.14 to $13.88 session range.
Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares is now trading 54.57% below the significant high of $27.6 it set around 4 months ago.
— Average trading volume refers to a 21-day rolling average.