Take a look at the following ETFs: iShares Trust – iShares Global Clean Energy ETF, United States Oil Fund, LP, Vanguard Mid-Cap Value Index Fund ETF Shares and others showed higher volumes than usual.
Here's an update with information from the last trading session: Markets closed higher Friday, as Dow Jones closed the day at 33,746, having gained 0.59%. S&P 500 ended the session at 3,965.34 after a 0.48% 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 ICLN peaks at $20.61 amid sluggish price action
IShares Trust – iShares Global Clean Energy ETF slid down from $20.52 to $20.49, taking a 3 cents loss (0.15%)
IShares Global Clean Energy ETF has shed 9.08% over the past three months.
United States Oil Fund LP jumped $1.57 from a 8 months low and ended session at $69.03 After three days of going up, United States Oil Fund LP is down $1.11 Friday
A tough session dominated by bearish sentiment left USO $1.11 lower, while setting a $67.46 to $69.12 session range.
United States Oil Fund LP is currently trading 63.12% higher since its 12-month low of $73.68.
Risk-on mood helps VOE post 1.12% gain Friday
After closing at $137.16 on Thursday, Vanguard Mid-Cap Value ETF rallied as high as $138.95 but ended the day at $138.69.
Vanguard Mid-Cap Value ETF is now trading 12.64% above the significant low ($121.77) it slumped to a month ago.
— Average trading volume refers to a 21-day rolling average.