The highest volumes for yesterday went to: Direxion Daily FTSE China Bull 3X Shares, ProShares UltraPro Short Dow30, Vanguard Growth Index Fund ETF Shares.
A quick recap of where the last trading session ended: Leading equity indices in the US declined as after dropping 2.5%, S&P 500 closed at 3,759.69. Nasdaq lost 3.36% and ended the session at 10,525.
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 sentiment allowed YINN to post 1.42% gain yesterday
Direxion Daily FTSE China Bull 3X Shares closed at $22.78 yesterday after ranging between $22.59 and $24.23.
Approximately 4 months ago, Direxion Daily FTSE China Bull 3X Shares reached a significant high of $102.67 but has struggled to hold onto its gains and declined 78.12% since then.
Risk-on mood helps SDOW post 4.64% gain yesterday
After dipping down to $27.77, ProShares UltraPro Short Dow30 regained earlier losses and reached $30.24.
VUG lost 3.62% yesterday, ending at $212.55 More of the same for VUG: down $8 (3.62%) for a 4th consecutive day
A tough session dominated by bearish sentiment left VUG $8 lower, while setting a $212.48 to $222.27 session range.
Having set a significant low of $208.5 20 days ago, Vanguard Growth ETF is trading 5.77% higher.
— Average trading volume refers to a 21-day rolling average.