Unusual trading patterns unfolded in the First Trust Growth Strength ETF (FTGS) during the afternoon session on Wednesday. An astonishing volume of over 356,000 shares were exchanged, significantly surpassing the three-month average of about 73,000. Despite this surge in trading activity, shares of FTGS maintained stability, trading flat for the day.
Major Components Fueling the ETF Movement
The components within the FTGS ETF experienced varying levels of activity on Wednesday. Tesla, a prominent entity within the ETF, witnessed a 2% increase in its stock price with an impressive 50.1 million shares changing hands during the session. In contrast, Nvidia encountered a decline of 2.6% in its share value, accompanied by a high trading volume of over 35.4 million shares.
Among the components, Enphase Energy emerged as the top performer of the day, marking an impressive 8.6% surge in its stock value. On the flip side, Arista Networks faced challenges, witnessing a 3.9% dip in its trading value compared to its counterparts in the First Trust Growth Strength ETF.