Capital Financial's $540M Volume Plummets 21% to 174th in Market Rankings

On September 26, 2025, Capital Financial (COF) traded with a volume of $540 million, marking a 21.23% decline from the previous day's activity. This placed the stock at rank 174 in terms of trading volume within the broader market. The stock closed with a 0.71% gain, reflecting modest investor confidence amid mixed market conditions.

Recent developments suggest a cautious outlook for the company. A regulatory filing highlighted potential compliance risks stemming from an ongoing probe into its loan origination practices. While the firm has not disclosed material financial exposure, analysts note that prolonged investigations could impact its reputation and operational efficiency. Additionally, a partnership with a regional fintech firm was terminated earlier this month, raising questions about its strategic direction in digital transformation initiatives.

To run this back-test rigorously we need to generate, for every trading day since 1 Jan 2022, a list of the 500 U.S. stocks with the highest share-trading volume, create an equal-weighted portfolio in the next session’s open (or close) and liquidate it one day later. At the moment, our data-retrieval interface is designed to pull technical indicators or fundamentals for specified tickers, but it does not (yet) expose a single “top-N by volume” endpoint covering the entire listed universe each day. Building the desired trade list therefore requires one of the following approaches: Option A – Approximation (quickest) • Define a static universe of very liquid names (e.g. the S&P 500 constituents) and pick the top-500 by volume inside that set on each day. • This reduces the number of tickers we have to query to ~500, which is feasible with our tools. Option B – Full universe (heavier) • Pull volume data for the complete U.S. equity universe (>3 000 names) each day, rank it, then form the portfolio. This is technically achievable but will require several thousand data pulls and will take noticeably longer to run. Option C – Monthly re-ranking • Rank by average volume over the previous month, rebalance once a month. This drastically cuts the number of data calls while still keeping the spirit of the strategy. Please let me know which option (or another variation) you prefer so I can proceed with the appropriate data-collection plan and back-test.