By Jad Malaeb, Benzinga
New York, NY
The SPDR S&P 500 ETF Trust (NYSE:SPY) increased by 8.13% in October — its second-largest monthly increase in 2022. The Fidelity NASDAQ Composite Index ETF (NASDAQ:ONEQ) and the SPDR Dow Jones Industrial Average (DJA) ETF (NYSE:DIA) mirrored this downward trend, showing monthly increases in October of 4.03% and 13.96%, respectively.
The DJA's uncharacteristic strength in this market seems to suggest that value stocks, a traditionally safer set of securities, seem to be favored by investors. The oil, biotechnology and finance sectors seem to be demonstrating some strength.
As investor trepidations simmered with another Federal Reserve-sponsored rate hike, OTC Markets Group Inc.'s (OTCQX:OTCM) regulated markets experienced a slight decrease in total monthly volume, recording $37.2 billion in October compared to $39.5 billion in September.
A Dive Into The OTCQX Best Market's Most-Active List
The OTCQX Best Market recorded $6.7 billion in trading volume in October, a slight decrease over the $7.3 billion in trading volume in September.
For the first time in months, the top three contenders on the OTCQX's Most-Active list remain unchanged from the prior month. Roche Holding AG (OTCQX:RHHBY), Grayscale Bitcoin Trust (OTCQX:GBTC) and Grayscale Ethereum Trust (OTCQX:ETHE) remain in the first-, second- and third-most-traded positions.
The remaining constituents in OTCQX's top 10 most-active securities experienced a slight reshuffle in October, welcoming both new and familiar faces in Royal DSM NV (OTCQX:RDSMY) and Anglo American PLC (OTCQX:NGLOY). The two newcomers displace Danone S.A. (OTCQX:DANOY) and Akzo Nobel N.V. (OTCQX:AKZOY) in the top 10 most-active securities list.
Other notable movers:
Green Thumb Industries Inc. (OTCQX:GTBIF) claimed the 13thspot on the OTCQX's Most Active list, experiencing a 211% increase in trading volume.
Curaleaf Hldngs Inc. (OTCQX:CURLF) claimed the 21st spot on the OTCQX's Most Active list, experiencing a 132% increase in trading volume.
Verano Holdings Corp. (OTCQX:VRNOF) claimed the 25th spot on OTCQX's Most Active list, experiencing a 128% increase in trading volume.
The OTCQB Venture Market: 4 Months Of Volume Surges
The OTCQB Venture Market recorded $739 million in October, an increase over the $642.6 million in trading volume recorded in September. In fact, trading volume in the OTCQB Venture Market has increased on a monthly basis since at least July.
Like the OTCQX Best Market, the OTCQB Venture Market's top 10 Most Active list for the month saw new entries. Specifically, Lake Resources N.L. (OTCQB:LLKKF), Stemtech Corp. (OTCQB:STEK) and Know Labs Inc. (OTCQB:KNWN) made way for GPO PLUS INC. (OTCQB:GPOX), CreatdInc. (OTCQB:CRTD) and Evofem Biosciences Inc. (OTCQB:FVFM).
The three new securities address different market segments. GPO Plus, for example, specializes in group purchase organizations. Creatd provides economic opportunities for creators through technologies and partnerships, and Evofem Biosciences is working on a hormone-free contraceptive.
Another notable mover is Nextech AR Solutions Corp. (OTCQB:NEXCF), which climbed to 25th place on the Most Active list and recorded a $1.3 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 October.
OTCQX Top 10:
October Dollar Volume
Roche Holding Ltd.
Grayscale Bitcoin Trust (BTC)
Grayscale Ethereum Trust (ETH)
Royal DSM NV
Deutsche Telekom AG
Infineon Technologies AG
Anglo American plc
Computer Services Inc.
OTCQB Top 10:
September Dollar Volume
Global Tech Industries Group Inc.
American Battery Technology Co.
Northwest Biotherapeutics Inc.
GPO PLUS INC.
Evofem Biosciences Inc.
OTC Markets Group Inc. (OTCQX:OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market. Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets. OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.
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