Bloomberg senior ETF analyst Eric Balchunas said on July 28 that semiconductor-linked products dominated U.S. premarket ETF trading activity. Based on his count, 10 of the 15 ETFs with the highest premarket trading volume were tied to the semiconductor sector, and SOXL ranked first on the list. He also compared the latest figures with the previous trading day, noting that five of the top 10 ETFs by volume yesterday were semiconductor ETFs. Balchunas added that ETF trading volume is often associated with market fear, though historical patterns have also shown that such spikes can appear when the market is nearing a short-term bottom.
On July 28, Bloomberg senior ETF analyst Eric Balchunas said that semiconductor-related funds dominated U.S. premarket ETF trading. By his count, 10 of the 15 ETFs with the highest premarket trading volume were linked to the semiconductor sector, with SOXL ranking first.
Balchunas also said that, by comparison, five of the 10 highest-volume ETFs in the previous session were semiconductor ETFs. He added that ETF trading volume is usually associated with market fear, but historically it has also often signaled that the market may be nearing a short-term bottom.
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