OTC Markets' Most Active Securities Sees A Shake-up In July

July gave world markets a breather from 2022’s poor financial conditions.

The SPDR S&P 500 ETF Trust SPY increased 9.21% in July, its highest monthly price ascension since November 2020. The Fidelity NASDAQ Composite Index ETF ONEQ and the SPDR Dow Jones Industrial Average ETF DIA displayed similar optimism, showing monthly increases of 12.51% and 6.78%, respectively, in July.

The market has reacted favorably to some recent developments, including The Federal Reserve’s decision to maintain rather than increase interest rates as well as the release of this report, which reveals that 528,000 jobs have been added to the economy. Some expert traders, however, remain skeptical of July’s bullish movement, noting the similarity of this rally to the one experienced in 2008. The latter was followed by a second wave of downward movement that stretched over months.

As ambiguity simmers surrounding market sentiment, OTC Markets Group Inc.’s OTCM regulated markets experienced a slight decrease in total monthly volume, recording $37.3 billion in July compared to $45.2 billion in June.

Despite the decrease, a number of new securities have emerged onto the OTCQX Best Market and OTCQB Venture Market, possibly demonstrating the ability to attract interest in a wide range of industries. Both the OTCQX Best Market and the OTCQB Venture Market maintained a significant international presence, with over half of the top most-traded securities across both markets composed of international operators.

A Dive Into The OTCQX Best Market’s Most-Active List

The OTCQX Best Market recorded $7 billion in trading volume in July, a decrease from June’s $9 billion.

Weathering the storm of decreasing volume are the OTCQX Best Market’s steadfast volume performers Roche Holding AG RHHBY, Grayscale Bitcoin Trust GBTC and Grayscale Ethereum Trust ETHE. In July, Roche Holding reaped the most trading volume as opposed to Grayscale Bitcoin Trust, which took that spot in June.

Additionally, OTCQX’s top 10 most-active securities experienced a slight reshuffle in July, welcoming BASF SE BASFY and Zurich Insurance Group Inc. ZURVY in place of Experian plc EXPGY and Tesco PLC TSCDY.

Despite decreasing month-on-month volume figures, the OTCQX Best Market has managed to maintain its hold on a number of industries, as demonstrated by the constituents of its Most Active list. Below are some of the companies and their relevant specialties: 

• Danone S.A. DANOY: Healthcare.
• Infineon Technologies AG IFNNY: Semiconductor solutions.
• BASF SE BASFY BFFAF)): Chemical manufacturing. 
• Grayscale Bitcoin Trust GBTC: Cryptocurrency mining.
• Trulieve Cannabis Corp. TCNNF: Cannabis sales and cultivation.
• Heineken N.V. HEINY: Alcohol manufacturing and distribution.

Similar to June, 23 of the 30 Most Active constituents on the OTCQX Best Market were international operators. Some of these included new faces like Switzerland’s Zurich Insurance Group and Germany's BASF SE, but regulars like Germany’s Adidas AG ADDYY and the United Kingdom’s Anglo American PLC NGLOY were also present.

Other notable movers:

• Ayr Wellness Inc. AYRWF claimed the No. 30 spot on the OTCQX’s list of most-traded securities, experiencing a 150% change in trading volume from last month.

The OTCQB Venture Market Experiences A Reshuffle In July

The OTCQB Venture Market recorded $463 million in trading volume in July, a decline from June’s $603 million figure.

July introduced several new entities to the OTCQB’s Top 10 Most Active list. Stem-cell specialist Stemtech Corp. STEK and mining operator Brazil Minerals Inc. BMIX were among the new additions.

Similar to June, the OTCQB Venture Market witnessed a number of novelties in July. In addition to three new companies, all three of the most-traded securities in the market changed. June’s OTCQB Most Active leaders Freddie Mac FMCC and Lake Resources LLKKF made way for biotech operator CytoDyn Inc. CYDY and computer memory subsystems specialist Netlist Inc. NLST.

Thirteen international securities landed a spot on the OTCQB Venture Market’s Most Active list. Of these 13, three are Australian, eight are Canadian, one is British and one is from Hong Kong.

Other notable movers:

• Snowline Gold Corp. SNWGF climbed to 15th place in the Most Active list and recorded a $3.8 million rise in trading volume compared to last month. 
• 88 Energy Ltd. EEENF climbed to 13th place in the Most Active list and recorded a $3.5 million rise in trading volume compared to last month.

The OTCQX And OTCQB Top 10

Below are the top 10 most actively traded securities on the OTCQX Best Market and OTCQB Venture Market in July. 

OTCQX Top 10: 

Company Name	Symbol	July Dollar Volume
Roche Holding Ltd.	RHHBY	$1,174,038,337
Grayscale Bitcoin Trust (BTC)	GBTC	$1,171,194,870
Grayscale Ethereum Trust (ETH)	ETHE	$824,696,740
adidas AG	ADDYY	$242,545,358
Danone	DANOY	$236,789,470
BNP Paribas	BNPQY	$221,832,673
Infineon Technologies AG	IFNNY	$155,256,947
BASF SE	BASFY	$133,635,750
Anglo American plc	NGLOY	$129,304,530
Zurich Insurance Group Ltd.	ZURVY	$125,075,924

OTCQB Top 10: 

Company Name	Symbol	July Dollar Volume
CytoDyn Inc.	CYDY	$37,078,914
Netlist Inc.	NLST	$34,113,360
Freddie Mac	FMCC	$30,241,752
Fannie Mae	FNMA	$27,396,005
Northwest Biotherapeutics Inc.	NWBO	$22,674,446
American Battery Technology Co.	ABML	$16,153,987
Humbl Inc.	HMBL	$14,817,569
Stemtech Corp.	STEK	$12,940,312
Lake Resources N.L.	LLKKF	$11,131,503
Brazil Minerals Inc.	BMIX	$7,447,947

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Featured photo by Annie Spratt on Unsplash