ETF Volume vs Russell 3,000 Volume
From Ticker Sense Bloomberg lists a total of 457 US traded ETFs. We gathered the daily combined volume of all of these and compared it to the daily volume of the Russell 3,000 (which represents 98% of the investable US…
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From Ticker Sense
Bloomberg lists a total of 457 US traded ETFs. We gathered the daily combined volume of all of these and compared it to the daily volume of the Russell 3,000 (which represents 98% of the investable US equity market). The 20-day average of the ratio between the total US ETF volume and the Russell 3,000 volume has been steadily increasing, going from 0.135 last March to 0.254 currently. The correction last May saw a slight spike, but nothing like the spike we have seen in the past week. On February 27th (the day the S&P 500 was down 3.47%), the ratio of ETF volume to Russell 3,000 volume was 0.43. Remember, this is 457 ETFs versus 3,000 stocks.
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
