Unusually High Trading Volume
The WisdomTree U.S. Quality Growth Fund ETF, known as QGRW, experienced a surge in trading volume during Thursday afternoon. The volume surpassed 630,000 shares, a stark comparison to the typical three-month average of approximately 101,000 shares. Despite the high activity, QGRW saw a slight decrease of 0.3% for the day.
Top Components Impacting Volume
Diving into the components driving the elevated volume of the ETF, two prominent companies stood out. Tesla, a key player in the electric vehicle industry, witnessed a 1.3% decline with more than 50.4 million shares traded. On the other hand, Advanced Micro Devices (AMD) experienced a 0.7% increase, with a trading volume exceeding 39.1 million shares.
Among the components, Old Dominion Freight Line outperformed on Thursday, marking a 2.3% increase in its stock value. Meanwhile, Moderna, another included company in the WisdomTree U.S. Quality Growth Fund ETF, struggled with a 3% decrease, lagging behind its peers.
