Market News

Uncommon Activity: IGM ETF Surpasses Average Volume

The trading world was abuzz with unusual activity on Tuesday, particularly in the iShares Expanded Tech Sector ETF (IGM) as over 218,000 shares exchanged hands. This surge far exceeds the typical three-month average volume of approximately 61,000 shares. Despite this heightened interest, IGM struggled slightly, experiencing a 1.5% decline for the day.

Noteworthy Components

Among the standout components driving the unusual volume were Advanced Micro Devices, which saw a 4.5% dip with a substantial 32.3 million shares traded so far. Palantir Technologies also contributed to the activity, dropping 2.6% on a volume of over 24.5 million shares. On the flip side, Blackberry showed resilience and surged by 4.9%. In contrast, Marathon Digital Holdings lagged behind, witnessing an 8.8% decline compared to other components within the IGM ETF.

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