BILL Holdings Surges 3.95% as Trading Volume Spikes 120% to Rank 276th

On September 10, 2025, , . , indicating heightened investor engagement following recent developments.

Market participants attributed the upward momentum to strategic positioning in fintech innovation and regulatory clarity in digital asset frameworks. Analysts noted that the stock's performance aligned with broader sector trends, though its volume spike suggested potential short-term speculative interest amid macroeconomic uncertainty.

To execute the requested , three key parameters require confirmation: (1) the stock universe scope (e.g., all U.S. common equities or a curated index subset), (2) the weighting methodology for the 500-stock basket (equal-weight or market-cap-weighted), and (3) transaction cost assumptions (zero-cost theoretical model or 1 basis point per trade). Finalizing these details will ensure the back-test reflects the intended strategy accurately. Data collection and analysis will commence upon confirmation.