ProShares Ultra Bloomberg Natural Gas, iPath Series B S&P 500 VIX Short-Term Futures ETN, United States Oil Fund, LP and others reached higher-than-usual trading volumes.
Yesterday's session summary: Leading equity indices in the US declined as Nasdaq lost 0.51% and ended the session at 10,959. S&P 500 closed at 3,934, a 0.19% 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 yesterday, some ETFs reached high volumes. Here is an update.
Risk-on mood helps BOIL post 16.71% gain yesterday
With a daily low of $25.95, ProShares Ultra Bloomberg Natural Gas closed yesterday at $30.03, after ending Tuesday at $25.73 and gaining $4.3 (16.71%).
ProShares Ultra Bloomberg Natural Gas is now trading 80.48% below the significant high of $131.79 it set around 6 months ago.
VXX added 1.46% to close at $15.29 yesterday VXX set to record its 4th up day in a row; currently 22 cents (1.46%) higher
After finishing Tuesday at $15.07, iPath Series B S&P 500 VIX Short-Term Futures ETN went up to $15.41 before paring its losses and closing at $15.29.
IPath Series B S&P 500 VIX Short-Term Futures ETN hit a significant low of $14.38 around 6 days ago, but has since recovered 4.8%.
USO falls back to $63.65 after shedding 2.42% yesterday Change of course? After three days of going up, United States Oil Fund LP down $1.58 yesterday
A tough session dominated by bearish sentiment left USO $1.58 lower, while setting a $63.2 to $65.89 session range.
United States Oil Fund LP has gained 71.25% over the past year, moving away from its yearly lows around $73.68.
— Average trading volume refers to a 21-day rolling average.