FT Surges 164% in Volume to 354th Market Rank as Intermediate Rises 1.47%

On October 7, 2025, FT traded with a volume of $0.32 billion, marking a 164.26% surge from the previous day’s activity and ranking 354th in trading volume across the market. The FT Intermediate (FIGR) rose by 1.47% during the session.

Recent market dynamics suggest increased short-term liquidity demand for FT, driven by its elevated trading volume relative to peers. The stock’s performance aligns with broader sector-specific movements, though no material news directly tied to FT’s fundamentals was reported. Analysts noted the volume spike could reflect position adjustments or algorithmic trading activity, with no clear catalysts identified in the immediate term.

For the back-test scenario, the strategy requires constructing an equal-weighted portfolio of 500 U.S. equities daily based on volume rankings. Key parameters include selecting the top 500 volume stocks at close prices, rebalancing daily without transaction costs, and benchmarking against SPY. Performance metrics will track cumulative returns, volatility, maximum drawdown, Sharpe ratio, and turnover rates from January 3, 2022, to October 7, 2025. The implementation assumes a broad universe of U.S. common stocks unless restricted to a narrower index like Russell 3000.