Coronavirus Fears Spark The Heaviest Trading Month In Over A Year On OTC Markets

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

The spread of the coronavirus and its impact on the global economy drove a significant uptick in trading volume on OTC Markets, according to data from OTC Markets Group.

With investors concerned about the implications of a global pandemic, over $31 billion worth of shares traded on OTC Markets in February, a 63% increase from January. That made February the most heavily traded month for over-the-counter securities since January 2019.

The most-traded securities on the OTCQX Best Market—the top tier of OTC Markets— were the Grayscale Bitcoin Trust GBTC and Roche Holding RHHBY, which saw nearly $2.5 million worth of shares traded between them.

An increase in cryptocurrency volume seemed to be a theme during the month. GBTC’s volume rose 38% in February, while the Grayscale Ethereum Classic Trust ETCG and Grayscale Ethereum Trust ETHE saw their volume increase 145% and 621% respectively. Computer Services, Inc. CSVI (up 236%), Royal DSM NV RDSMY (up 143%) and AXA AXAHY (up 127%) also saw significant volume gains in February.

On the OTCQB Venture Market, three securities that saw the biggest month-over-month volume gains were TOMI Environmental Solutions, Inc. TOMZ, Franchise Holdings International, Inc. FNHI, and Hornbeck Offshore Services, Inc. HOSS.

To date, Fannie Mae FNMA, Freddie Mac FMCC, and CytoDyn CYDY are the most active securities on the market, both surpassing $100 million in volume this year.

Below is a list of the 10 most active securities on the OTCQX and OTCQB Markets in February.

OTCQX

Company Name

Symbol

Country

February Dollar Volume

Grayscale Bitcoin Trust

GBTC

U.S.

$1,253,442,996

Roche Holding Ltd

RHHBY

Switzerland

$1,220,304,783

Royal DSM NV

RDSMY

The Netherlands

$200,525,555

AXA

AXAHY

France

$190,315,804

Imperial Brands PLC

IMBBY

United Kingdom

$188,853,485

Repsol S.A.

REPYY

Spain

$166,393,715

Danone

DANOY

France

$164,683,768

adidas AG

ADDYY

Germany

$160,082,856

BASF SE

BASFY

Germany

$141,587,375

Grayscale Ethereum Trust

ETHE

U.S.

$132,864,744

OTCQB

Company Name

Symbol

Country

February Dollar Volume

Fannie Mae

FNMA

U.S.

$296,439,281

Freddie Mac

FMCC

U.S.

$122,662,391

CytoDyn Inc.

CYDY

U.S.

$106,742,180

TOMI Environmental Solutions, Inc.

TOMZ

U.S.

$20,981,597

Semler Scientific, Inc.

SMLR

U.S.

$18,553,479

Generex Biotechnology Corp.

GNBT

U.S.

$15,194,012

American Battery Metals Corporation

ABML

U.S.

$14,136,142

Nextech AR Solutions Corp.

NEXCF

Canada

$12,253,503

Q BioMed Inc.

QBIO

U.S.

$12,190,587

Biotricity Inc.

BTCY

U.S.

$8,883,442

 

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.

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