Take a look at the following ETFs that showed higher volumes than usual: Xtrackers Harvest CSI 300 China A-Shares ETF, Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares, Direxion Daily FTSE China Bull 3X Shares.
A quick recap of where the last trading session ended: Markets closed higher Friday, as Dow Jones closed the day at 32,400, having gained 1.26%. S&P 500 ended the session at 3,770.55 after a 1.36% 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:
ASHR closed at $27.18 after gaining 6.92% Friday
After finishing Thursday at $25.42, Xtrackers Harvest CSI 300 China A-Shares ETF went up to $27.2 before paring its losses and closing at $27.18.
VTIP ascends to $47.55 after adding 0.17% Friday
Having ended a bullish session Friday at $47.55, momentum helped Vanguard Short-Term Inflation-Protected Securities ETF finish the day 8 cents or 0.17% higher, although mixed sentiments ensured Vanguard Short-Term Inflation-Protected Securities ETF etched out a distinct $47.49 to $47.6 session range.
Risk-on sentiment allowed YINN to post 22.96% gain Friday YINN set to record its 5th up day in a row; currently $5.37 (22.96%) higher
Direxion Daily FTSE China Bull 3X Shares went up to $28.76 Friday, gaining 22.96%.
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 77.22% since then.
— Average trading volume refers to a 21-day rolling average.