IShares S&P 500 Value ETF, Direxion Daily FTSE China Bull 3X Shares, ProShares Ultra Bloomberg Natural Gas and others reached higher-than-usual trading volumes.
Here's an update with information from the last trading session: Markets were up yesterday; S&P 500 closed the day at 3,859, having gained 1.63%. Nasdaq gained 2.25% and closed at 11,200.
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:
IVE ascends to $139.56 after adding 1.24% yesterday IShares S&P 500 Value ETF continued a four day positive streak, up $1.71 to $139.56
A bright session dominated by bullish sentiment helped IVE to close $1.71 higher, while setting a $137.64 to $139.71 session range.
Having set a significant low of $128.52 26 days ago, iShares S&P 500 Value ETF is trading 7.26% higher.
YINN added 5.23% to close at $23.14 yesterday
After dipping down to $22.92, Direxion Daily FTSE China Bull 3X Shares regained earlier losses, closing higher at $23.14.
Direxion Daily FTSE China Bull 3X Shares has shed 71.42% over the past three months.
BOIL closed at $40.72 after gaining 14.25% yesterday
A bright session dominated by bullish sentiment helped BOIL to close $5.08 higher, while setting a $36.75 to $40.75 session range.
— Average trading volume refers to a 21-day rolling average.