A busy day for iShares Short Treasury Bond ETF, JPMorgan Ultra-Short Income ETF, SPDR Bloomberg Barclays Short Term High Yield Bond ETF, being the prominent ETFs displaying higher volumes than usual.
Friday's session summary: Markets were up Friday; Dow Jones closed the day at 32,862, having gained 2.59%. S&P 500 ended the session at 3,901 after a 2.46% gain.
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.
Price action was mostly bullish Friday with some ETFs recording abnormally high trading volumes. Here's a recap:
Stagnant SHV peaks at $110 amid sluggish price action
IShares Short Treasury Bond ETF slid down from $110 to $110, taking a 0 cents loss (0.01%)
IShares Short Treasury Bond ETF has recovered 0.15% since descending to a significant low of $109.83 around 28 days ago.
Stagnant JPST peaks at $50.1 amid sluggish price action
JPMorgan Ultra-Short Income ETF recovered back to $50.08 after dipping down to $50.07, in a session that followed Thursday's $50.1 close value.
Trading mostly sideways for 2 months.
SJNK closed at $24.54 after gaining 0.66% Friday
With a daily low of $24.38, SPDR Bloomberg Barclays Short Term High Yield Bond ETF closed Friday at $24.54, after ending Thursday at $24.38 and gaining 16 cents (0.66%).
— Average trading volume refers to a 21-day rolling average.