A busy day for Vanguard High Dividend Yield Index Fund ETF Shares, Direxion Daily FTSE China Bull 3X Shares, iShares MSCI Emerging Markets ETF, being the prominent ETFs displaying higher volumes than usual.
A recap of yesterday's session: Leading equity indices in the US rose as S&P 500 closed the day at 4,080, having gained 3.09%. Nasdaq gained 4.41% and closed at 11,468.
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:
Risk-on mood helps VYM post 1.75% gain yesterday
Vanguard High Dividend Yield Index Fund ETF Shares rallied $1.95 (1.75%) deep into the session, closing at $113.15.
Having set a significant high of $115 2 months ago, Vanguard High Dividend Yield Index ETF is trading 17.2% lower.
YINN added 13.57% to close at $44.36 yesterday
After finishing Tuesday at $39.06, Direxion Daily FTSE China Bull 3X Shares went up to $45.76 before paring its losses and closing at $44.36.
EEM closed at $39.52 after gaining 2.89% yesterday
After finishing Tuesday at $38.41, iShares MSCI Emerging Markets ETF went up to $39.68 before paring its losses and closing at $39.52.
IShares MSCI Emerging Markets ETF is now trading 13.2% above the significant low ($33.93) it slumped to a month ago.
— Average trading volume refers to a 21-day rolling average.