FactSet Volume Slumps 25.34 to 499th in U.S. Rankings Amid Cautious Optimism

On September 16, 2025, , . This placed the stock at rank 499 in terms of trading volume among U.S. equities, .

The muted trading volume suggests limited short-term liquidity demand, potentially reflecting cautious positioning ahead of or sector-specific earnings reports. Analysts noted that the stock’s performance remained largely insulated from broader , with no significant catalysts identified in the data pipeline for the week.

To run this back-test accurately, I need to clarify a couple of practical details: 1. Universe scope • Do you want to select from all U.S. listed stocks (both NYSE + NASDAQ), or a different universe (e.g., S&P 1500, Russell 3000, etc.)? • Should ADRs, ETFs, and penny stocks be included or filtered out? 2. Portfolio construction mechanics • Equal-weight each of the 500 names every day, or weight by something else (e.g., volume-proportional, dollar-neutral, etc.)? • Re-balance at the close (buy today’s top-volume list, hold overnight, exit at tomorrow’s close) – is that the intended timing? 3. Tool constraints • Our current is designed for a single-ticker strategy. To implement a 500-stock , we would need to approximate it (e.g., use an index or ETF proxy) or run a custom multi-asset simulation outside the built-in engine. • Would an equal-weighted custom back-test (which I can script and summarize) be acceptable, or would you prefer an index/ETF proxy such as SPY as a surrogate? Once I have your preference on these points, I can proceed with the appropriate data-gathering and back-test implementation.