The average number of shares (or dollar value) of a security traded on an exchange per day over a stated period.
From this site’s articles: "Secondary market volume describes how often an ETF trades—not how much it can trade."
Quoted passages come from the articles on this site.
Covered in: Why ETF Liquidity ≠ AUM · ETF trading-cost calculator
Related terms
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This material is provided for informational and educational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security.
All views expressed are the author’s own and do not represent the views of any employer or affiliated organization.