Invesco S&P 500 Equal Weight ETF, iShares Trust – iShares Global Clean Energy ETF, ProShares Ultra Bloomberg Natural Gas and others reached higher-than-usual trading volumes.
A recap of Friday's session: Markets closed higher Friday, as Nasdaq closed the day at 11,323, having gained 1.88%. S&P 500 gained 0.92% and closed at 3,993.
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:
RSP ascends to $146.08 after adding 0.96% Friday
After closing at $144.69 on Thursday, Invesco S&P 500 Equal Weight ETF rallied as high as $146.58 but ended the day at $146.08.
ICLN closed at $20.45 after losing 1.02% Friday
IShares Global Clean Energy ETF slid down from $20.66 to $20.45, losing 21 cents (1.02%) today.
IShares Global Clean Energy ETF has shed 13.05% over the past three months.
BOIL falls back to $36.78 after shedding 6.58% Friday
Down on the day: ProShares Ultra Bloomberg Natural Gas closed at $36.78 after ranging between $35.1 and $43.45.
ProShares Ultra Bloomberg Natural Gas is now trading 60.02% below its 3-month high of $131.79.
— Average trading volume refers to a 21-day rolling average.