Unforeseen Momentum: PSI ETF Surges in Afternoon Trading
The Invesco Semiconductors ETF, known by its ticker symbol PSI, is making waves in the financial market with an unprecedented surge in trading volume on Monday afternoon. The ETF witnessed over 938,000 shares changing hands, a stark contrast to its three-month average volume of about 110,000 shares. Despite the market turmoil, PSI managed to climb by 0.5% on the same day.
Major Players: Nvidia and Micron Technology Take Center Stage
Within the realm of the Invesco Semiconductors ETF, two major players stole the spotlight on Monday. Nvidia, a leading technology company, maintained flat trading but witnessed a staggering 144.2 million shares being traded during the session. On the other hand, Micron Technology experienced a 2.8% surge, with over 16.6 million shares changing hands. However, Qualcomm struggled among the ETF components, facing a 1.3% decline in trading.
VIDEO: Monday’s ETF with Unusual Volume: PSI
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