For the past few months, we’ve been tracking the most actively traded securities on OTC Markets in terms of dollar volume. Just as we saw in October, a volatile market in December caused investors to strongly prefer multinational conglomerates over more volatile assets based on OTC Markets trading volume data.
OTCQX Trends
Looking at the OTCQX Market, the top tier of the OTC Markets, you can see this trend play out. In a year in which cannabis and cryptocurrency securities showed tremendous volume, nine of December’s 10 most-traded securities on the market were well-established companies in traditional sectors ((the outlier, OTCQX:GBTC).
The list also includes Koninklijke Ahold Delhaize N.V. ADRNY, owner of grocery stories Giant, Stop & Shop and Peapod, and Swiss-based pharmaceutical giant Roche Holding Ltd RHHBY, far and away the most-traded OTCQX security in 2018.
Interestingly, only three securities on OTCQX saw their trading volume decrease from November to December: the Bitcoin Investment Trust (which still closed 2018 as the second-most traded security on OTCQX), Danone DANOY, and adidas AG ADDYY. Two of those, the Bitcoin Investment Trust and Adidas, are in cyclical sectors that typically sell-off faster than defensive names in times of volatility.
December’s 10 Most-Traded Securities On OTCQX
Company |
Country |
December Volume ($) |
2018 Volume ($) |
Roche Holding Ltd RHHBY |
Switzerland |
$1,041,123,364 |
$11,385,311,160 |
BASF SE BASFY |
Germany |
$294,520,368 |
$1,991,819,701 |
BNP Paribas BNPQY |
France |
$268,233,225 |
$2,378,922,482 |
Bitcoin Investment Trust GBTC |
United States |
$228,105,280 |
$10,486,580,480 |
Imperial Brands PLC IMBBY |
United Kingdom |
$224,872,424 |
$1,977,708,307 |
Danone DANOY |
France |
$221,092,798 |
$2,326,546,610 |
Infineon Technologies AG IFNNY |
Germany |
$216,562,918 |
$1,264,559,575 |
AXA AXAHY |
France |
$201,664,009 |
$1,334,008,791 |
Koninklijke Ahold Delhaize N.V. ADRNY |
The Netherlands |
$154,132,976 |
$869,942,226 |
adidas AG ADDYY |
Germany |
$129,055,638 |
$1,484,094,545 |
OTCQB Trends
The second tier of OTC Markets consists primarily of more growth-based names in emerging industries. As such, seven of the top 10 most-traded securities on OTCQB saw their volume decline on a month-over-month basis.
The names that saw the greatest monthly decline were, cannabis plays CV Sciences, Inc. CVSI and KushCo Holdings, Inc. KSHB. MariMed Inc. MRMD also saw a significant decline in trading volume in December.
While the four of the top five most active securities on this market included various share classes of Fannie Mae and Freddie Mac, only Fannie Mae’s preferred stock Fannie Mae FNMFN saw its volume increase in December.
December’s 10 Most-Traded Securities On OTCQB
Company |
Country |
December Volume ($) |
2018 Volume ($) |
Fannie Mae FNMAS |
United States |
$185,522,821 |
$1,920,756,282 |
Freddie Mac FMCKJ |
United States |
$133,416,829 |
$1,420,797,029 |
CV Sciences, Inc. CVSI |
United States |
$108,562,906 |
$1,864,298,635 |
Fannie Mae FNMA |
United States |
$92,618,310 |
$1,382,260,997 |
Freddie Mac FMCC |
United States |
$54,520,692 |
$713,271,465 |
KushCo Holdings, Inc. KSHB |
United States |
$45,089,967 |
$730,384,960 |
MariMed Inc. MRMD |
United States |
$31,230,280 |
$321,414,953 |
Fannie Mae FNMAT |
United States |
$29,954,226 |
$262,850,749 |
Semler Scientific, Inc. SMLR |
United States |
$14,634,187 |
$150,594,512 |
Fannie Mae FNMFN |
United States |
$14,570,150 |
$201,039,447 |
Click here to see the full list of November’s most active over-the-counter securities, along with their respective November dollar volume.
Click here to see the full list of October’s most active over-the-counter securities, along with their respective October dollar volume.
Click here to see the full list of September’s most active over-the-counter securities, along with their respective September, dollar volume.
OTC Markets is a content partner of Benzinga
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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