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.

One of the ways we gauge market sentiment is by looking at rotation—which areas of the market, traders and investors are most bullish or bearish on, and watching how those trends change over time.

We can track this by looking at price (the upward or downward pressure on an asset) as well as by volume (where the most attention is being paid).

According to volume data from OTC Markets, traders rotated heavily into well-established multi-national companies last month like BNP Paribas (OTCQX:BNPQY), Infineon Technologies (OTCQX:IFNNY) and Heineken (OTCQX:HEINY). This flies in direct contrast with August, when traders piled into emerging industries like cannabis and crypto.

Dollar trading volume in securities from those three firms increased an average of 193% month-over-month from August to September. Shares of Wal-Mart De Mexico S.A.B. de C.V. (OTCQX:WMMVY) were also heavily traded, with nearly one-fifth of the total dollar volume for 2020 occurring last month.

On the other hand, several companies that were most actively traded in August—including names like Trulieve Cannabis Corporation (OTCQX:TCNNF), Curaleaf Holdings Inc. (OTCQX:CURLF), Green Thumb Industries Inc. (OTCQX:GTBIF) and Planet 13 Holdings Inc. (OTCQX:PLNHF)—all saw their dollar volume decline month-over-month in September. Even the Grayscale Bitcoin Trust (OTCQX:GBTC), which remained the most actively traded security on the OTCQX Market in September, experienced a monthly decline in dollar volume.

Overall, only three of September’s 10 most actively traded securities on the OTCQX Market (GBTC, Trulieve, and the Grayscale Ethereum Trust (OTCQX: ETHE)) could be classified as “emerging.” In August, five cannabis companies made the list. This rotation could indicate that traders were looking for exposure in more developed industries like energy, consumer staples, and healthcare.

Venture Companies With The Highest Volume Increases

On the OTCQB Venture Market, Relief Therapeutics Holding (OTCQB:RLFTF), Northwest Biotherapeutics, Inc. (OTCQB:NWBO), Giga Metals Corp (OTCQB:HNCKF), and Basanite Inc. (OTCQB:BASA) all had dollar volume spikes of over 700% in September compared to August.

For 2020, CytoDyn Inc. (OTCQB:CYDY) and Fannie Mae (OTCQB:FNMA) remain the most actively traded securities on the OTCQB Market, with over $6 billion of annual dollar volume between them.

Below are the top 10 most actively traded securities on the OTCQX and OTCQB Markets In September.

OTCQX

Company Name	Symbol	Country	September Dollar Volume
Grayscale Bitcoin Trust (BTC)	GBTC	USA	$1,195,996,717
Roche Holding Ltd	RHHBY	Switzerland	$892,302,962
Danone	DANOY	France	$183,510,758
BNP Paribas	BNPQY	France	$166,817,100
Trulieve Cannabis Corporation	TCNNF	USA	$165,748,144
Heineken N.V.	HEINY	The Netherlands	$158,886,211
Grayscale Ethereum Trust (ETH)	ETHE	USA	$137,186,566
Infineon Technologies AG	IFNNY	Germany	$134,923,755
Wal-Mart De Mexico S.A.B. de C.V.	WMMVY	Mexico	$125,224,761
Experian plc	EXPGY	Ireland	$114,614,897

OTCQB

Company Name	Symbol	Country	September Dollar Volume
CytoDyn Inc.	CYDY	USA	$285,663,617
RELIEF THERAPEUTICS HLDG AG	RLFTF	Switzerland	$136,863,313
Northwest Biotherapeutics, Inc.	NWBO	USA	$131,245,748
Fannie Mae	FNMA	USA	$88,982,010
Galaxy Next Generation, Inc.	GAXY	USA	$75,238,072
Giga Metals Corp	HNCKF	Canada	$64,126,316
Freddie Mac	FMCC	USA	$48,682,394
MIND MEDICINE MINDMED INC.	MMEDF	Canada	$32,071,632
DSG Global Inc	DSGT	Canada	$29,909,294
Humanigen, Inc.	HGEND	USA	$28,028,966

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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