The highest volumes for yesterday went to: ProShares UltraShort MSCI Brazil Capped, ProShares Ultra Bloomberg Natural Gas, iShares Russell 1000 Growth ETF.
A quick recap of where the last trading session ended: Leading equity indices in the US rose as Dow Jones closed the day at 32,827, having gained 1.31%. S&P 500 gained 0.96% and closed at 3,806.8.
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 yesterday with some ETFs recording abnormally high trading volumes. Here's a recap:
BZQ added 9.25% to close at $18.43 yesterday
ProShares UltraShort MSCI Brazil Capped closed yesterday at $18.43 (with a daily low of $17.05) after ending Friday at $16.87 and gaining 9.25%.
Approximately 3 months ago, ProShares UltraShort MSCI Brazil Capped reached a significant high of $34.1 but has struggled to hold onto its gains and declined 50.53% since then.
Risk-on mood helps BOIL post 7.03% gain yesterday
After finishing Friday at $43.81, ProShares Ultra Bloomberg Natural Gas went up to $52.69 before paring its losses and closing at $46.89.
ProShares Ultra Bloomberg Natural Gas is now trading 66.76% below the significant high of $131.79 it set around 5 months ago.
Risk-on sentiment allowed IWF to post 1.04% gain yesterday
IShares Russell 1000 Growth ETF rallied $2.2 (1.04%) deep into the session, reaching $214.24.
IShares Russell 1000 Growth ETF is now trading 14.56% below its 3-month high of $309.52.
— Average trading volume refers to a 21-day rolling average.