The Invesco S&P MidCap Momentum ETF is experiencing an extraordinary surge in afternoon trading activity this Friday, with over 583,000 shares traded, a significant contrast to its three-month average volume of around 89,000. XMMO shares took a 1.5% dip during the day.
Among the ETF components, high trading volumes were recorded for Super Micro Computer, which saw a significant decline of about 17.1%, with over 26.1 million shares changing hands. Meanwhile, US Foods Holding experienced a 1.5% increase in value with a trading volume of over 2.3 million shares. Kinsale Capital Group, on the other hand, stands out as the best performer of the day, soaring by about 18%.
VIDEO: Friday’s ETF with Unusual Volume: XMMO
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
