A busy day for iShares Core Total USD Bond Market ETF, ProShares Ultra Bloomberg Natural Gas, iShares MBS ETF, being the prominent ETFs displaying higher volumes than usual.
Today's session summary: Markets closed higher today, as Dow Jones closed the day at 34,200, having gained 0.64%. Nasdaq ended the session at 11,000 after a 0.64% 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 today with some ETFs recording abnormally high trading volumes. Here's a recap:
IShares Core Total USD Bond Market ETF reached a significant high of $50 around 9 months ago but has lost 7.82% since then. The fund has been trending lower for about 1 year, 3 months.
Shareholders to attain annual dividend yield of 0.87% this year
ProShares Ultra Bloomberg Natural Gas is now trading 91% below the significant high of $131.79 it set around 7 months ago. All in all, the fund has been on a negative trend for around 30 days.
IShares MBS ETF has managed to gain 2.35% so far this year despite trading at lows around $88.67 previously.
— Average trading volume refers to a 21-day rolling average.