Take a look at the following etfs that showed higher volumes than usual: United States Oil Fund, LP, iPath Series B S&P 500 VIX Short-Term Futures ETN, ETFMG Alternative Harvest ETF.
Yesterday's session summary: Leading equity indices in the US declined as after dropping 0.8%, Dow Jones closed at 33,400. S&P 500 lost 0.7% and ended the session at 4,090.75.
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.
United States Oil Fund, LP went down to $60.31 (4.35%), adding to its four days of losses. United States Oil Fund LP has fallen back around 12.95% from the significant high of $72.43 set 22 days ago.
IPath Series B S&P 500 VIX Short-Term Futures ETN has fallen back around 30.5% over the past a month, from a notable high of $55.96. The fund has been trending lower for about a month.
ETFMG Alternative Harvest ETF is now trading 4.14% above the significant low ($3.14) it slumped to 8 days ago. All in all, the fund has been on a negative trend for around 2 months.
— Average trading volume refers to a 21-day rolling average.