GRIN ETF Sees Unusual Volume with Technipfmc and Shopify Leading the Way

The VictoryShares International Free Cash Flow Growth ETF (GRIN) is experiencing unusually high volume on Thursday, with over 381,000 shares traded. The ETF is down 0.5% on the day. The top components with the highest volume are Technipfmc, up 11.8% with 3.8 million shares traded, and Shopify, down 0.2% with 1.7 million shares traded. ON Holding is lagging behind, down 2.7%.

The VictoryShares International Free Cash Flow Growth ETF (GRIN) experienced unusually high volume on Thursday, with over 381,000 shares traded, representing a significant increase from its three-month average volume of about 43,000 shares [1]. The ETF itself was down 0.5% on the day, indicating a mixed performance among its components.

Technipfmc, a key component of the ETF, saw a substantial increase in trading volume and price. The company's shares were up 11.8% with 3.8 million shares traded, a notable surge that contributed to the overall unusual volume in GRIN [2]. This significant performance can be attributed to Technipfmc's strong second-quarter 2025 results, which included substantial margin expansion and robust order intake. The company's Subsea segment, which represents approximately 87% of total revenue, showed particularly strong performance, with revenue up 14% sequentially and adjusted EBITDA margin expanding to 21.8% [2].

Another major contributor to the unusual volume in GRIN was Shopify, which was down 0.2% with 1.7 million shares traded. While Shopify's performance was relatively muted compared to Technipfmc, its volume contribution was significant, indicating investor interest in the e-commerce platform.

ON Holding, another component of the ETF, was down 2.7%, lagging behind the performance of Technipfmc and Shopify. This divergence in performance suggests that investors are focusing on specific sectors within the ETF, potentially driven by recent earnings reports and market sentiment.

Overall, the unusual volume in GRIN can be attributed to the strong performance of its components, particularly Technipfmc, which saw a significant increase in both trading volume and price. Investors should closely monitor the performance of these components and the broader market conditions that may be influencing the ETF's performance.

References:
[1] https://www.nasdaq.com/articles/wednesdays-etf-unusual-volume-grin
[2] https://ca.investing.com/news/company-news/technipfmc-q2-2025-slides-margin-expansion-drives-strong-results-as-backlog-grows-93CH-4116544