The following etfs experienced higher volumes than usual including iShares Short Treasury Bond ETF, ProShares Ultra Bloomberg Natural Gas, United States Natural Gas Fund, LP and others.
A quick recap of where the last trading session ended: Leading equity indices in the US declined as Dow Jones slipped 2.06% and closed at 33,130. S&P 500 was down 2% before closing the session at 3,997.34.
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.
IShares Short Treasury Bond ETF has recovered 0.36% since descending to a significant low of $109.74 around 2 months ago.
Shareholders to attain annual dividend yield of 0.879% this year
ProShares Ultra Bloomberg Natural Gas is up 16.1% from the significant low of $4.41 it hit a day ago.
A tough session dominated by bearish sentiment left UNG 55 cents lower, while setting a $7.14 to $7.46 session range.
— Average trading volume refers to a 21-day rolling average.