Transaction Volume & Average Price Paid per Credit Rise

Weekly credit volume saw a small bounce higher during the second week of May. Volume improved to 169,013 credits transacted and was 140 percent over volume posted during the same period last year. Despite the increase, this week’s volume was well below the weekly average of 402,208. The average price paid per credit was $194.14, up $0.94 from last week. There were 24 transactions, 18 were type 1 transfers of 93,289 credits and six were type 2 transfers of 75,724 credits. Type 1 transactions are trades executed within 10 days of a transfer agreement. Type 2 transactions are executed beyond 10 days of a transfer agreement. Type 1 transactions give a clearer picture of where the market is currently trading since Type 2 transactions do not give a date the agreement was entered into. The weighted average price for type 1 trades was $195.78 and the weighted average for all trades was $194.10. Second…