Take a look at the following ETFs that showed higher volumes than usual: iShares MBS ETF, iShares Core Total USD Bond Market ETF, iShares U.S. Treasury Bond ETF.
A recap of Friday's session: Markets had an interesting day Friday; Dow Jones gained 2.47% and closed at 31,083. S&P 500 ended the session at 3,752.75 after a 2.37% 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:
MBB added 0.2% to close at $88.86 Friday
IShares MBS ETF recovered from the previous trading session's losses and went up to $88.86 Friday after it traded lower at $88.
IUSB closed at $43.4 after gaining 0.21% Friday
After ending Thursday at $43.31, iShares Core Total USD Bond Market ETF went up to $43.43 only to drop back, yet still traded well overall and closed at $43.4 Friday.
Stagnant GOVT peaks at $22.25 amid sluggish price action
Without a clear direction, iShares U.S. Treasury Bond ETF closed at $22.22 while ranging between $22.13 and $22.25.
— Average trading volume refers to a 21-day rolling average.