IShares U.S. Broker-Dealers & Securities Exchanges ETF, ProShares Ultra Bloomberg Natural Gas, Direxion Daily Semiconductor Bear 3X Shares and others reached higher-than-usual trading volumes.
A quick recap of where the last trading session ended: Markets closed higher Wednesday; Nasdaq closed the day at 11,300, having gained 0.99%. S&P 500 gained 0.59% and closed at 4,027.26.
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 Wednesday with some ETFs recording abnormally high trading volumes. Here's a recap:
IAI ascends to $101.81 after adding 0.42% Wednesday IAI set to record its 5th up day in a row; currently 43 cents (0.42%) higher
After closing at $101.81 Wednesday, iShares U.S. Broker-Dealers & Securities Exchanges ETF maintained a strong bullish bias that helped the stock close higher at $101.81. However, market bears ensured the iShares U.S. Broker-Dealers & Securities Exchanges ETF topped out at $102.28 and that by the end of the session, the market had marked out a distinct $101.49 to $102.28 range.
Having set a significant high of $114.54 5 months ago, iShares U.S. Broker-Dealers & Securities Exchanges ETF is trading 24.67% lower.
BOIL closed at $54.6 after gaining 6% Wednesday BOIL set to record its 4th up day in a row; currently $3.1 (6%) higher
ProShares Ultra Bloomberg Natural Gas closed Wednesday at $54.6 (with a daily low of $52.67) after ending Tuesday at $51.5 and gaining 6%.
ProShares Ultra Bloomberg Natural Gas has shed 49.46% over the past three months.
SOXS closed at $32.37 after losing 3.2% Wednesday
Down on the day: Direxion Daily Semiconductor Bear 3x Shares closed at $32.37 after ranging between $31.31 and $33.65.
Direxion Daily Semiconductor Bear 3x Shares is now trading 58.23% below the significant high of $80.05 it set around a month ago.
— Average trading volume refers to a 21-day rolling average.