IWP ETF Witnesses a Surge in Trading Volume
The iShares Russell Mid-Cap Growth ETF, under the ticker symbol IWP, experienced exceptionally high trading volume on Friday afternoon, with more than 5.2 million shares exchanged, surpassing its usual three-month average of 1.0 million shares. The ETF’s shares rose by approximately 1.2% during the trading day.
Palantir Technologies and Trump Media & Technology Group were among the top-traded components of the ETF on Friday. Palantir Technologies saw a decrease of about 1.7%, with over 44.1 million shares traded. Meanwhile, Trump Media & Technology Group witnessed an increase of about 7.6% on a trading volume exceeding 40.5 million shares. Microstrategy stood out as the best-performing component on Friday, soaring by about 13.2%. In contrast, Align Technology lagged behind, trading lower by approximately 3.1%.
Watch a video on the unusual trading activity of IWP ETF on Friday
Please note that the views expressed are those of the author and may not necessarily represent the views of Nasdaq, Inc.
