Unity's $440M Volume Plummeted 45% to Rank 241st Amid Institutional Buys

On September 9, 2025, , , ranking it 241st in market activity. , with no significant price movement observed.

Institutional investors have shown renewed interest in Unity, . Other major investors, including Northern Trust Corp and Ameriprise Financial Inc., also boosted holdings during the fourth quarter, . Deutsche Bank AG and Cetera Investment Advisers further solidified their positions, reflecting broader institutional confidence.

Analyst sentiment remains bullish, , while Barclays and JMP Securities also increased their estimates. Despite this, insider transactions have drawn attention, . These sales, however, have not deterred institutional buyers, .

, , . . Despite these metrics, .

To set up a sound, reproducible back-test I need to pin down a few practical details that aren’t fully specified yet: 1. Universe • “Top 500 stocks by daily trading volume” – should this be across the entire US equity market (NYSE + NASDAQ + AMEX) or a different universe (e.g., S&P 500 members)? 2. Trade timing & price type • Do we buy at the same-day close and sell at the next-day close (Close-to-Close), or buy next-day open and exit same-day close (Open-to-Close), or another convention? 3. Rebalancing costs • Should we include an estimate of transaction costs/slippage, or assume frictionless trading? 4. Risk controls (if any) • For example, stop-loss, take-profit, max holding days (the strategy says 1 day, so this may be N/A). Once these points are clarified I can: • Retrieve the daily volume rankings, • Generate the daily “top-500” basket and its next-day return series, • Run the strategy back-test from 2022-01-03 (first trading day of 2022) through today, • Provide performance metrics (CAGR, volatility, max drawdown, Sharpe, etc.) and a full equity-curve visualization. Please let me know your preferences so I can proceed.