Take a look at the following ETFs: iShares 1-5 Year Investment Grade Corporate Bond ETF, iShares Trust – iShares Global Clean Energy ETF, Direxion Daily Semiconductor Bull 3X Shares and others showed higher volumes than usual.
A quick recap of where the last trading session ended: Markets closed higher yesterday; Dow Jones ended the session at 30,524 after a 1.12% gain. S&P 500 closed the day at 3,720, having gained 1.14%.
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:
IGSB closed at $48.98 after gaining 0.1% yesterday
IShares 1-5 Year Investment Grade Corporate Bond ETF recovered all the way back up to $48.98 after dipping down to $48.9.
Risk-on mood helps ICLN post 2.58% gain yesterday
With a daily low of $18.03, iShares Global Clean Energy ETF closed yesterday at $18.32, after ending Monday at $17.86 and gaining 46 cents (2.58%).
Approximately 11 months ago, iShares Global Clean Energy ETF reached a significant high of $25.79 but has struggled to hold onto its gains and declined 30.75% since then.
Risk-on sentiment allowed SOXL to post 0.95% gain yesterday
Having ended a bullish session yesterday at $7.4, momentum helped Direxion Daily Semiconductor Bull 3x Shares finish the day 7 cents or 0.95% higher, although mixed sentiments ensured Direxion Daily Semiconductor Bull 3x Shares etched out a distinct $7.04 to $8.21 session range.
This year has been a gloomy one for Direxion Daily Semiconductor Bull 3x Shares after trading as high as $73 and going on to lose 89.82% of its value.
— Average trading volume refers to a 21-day rolling average.