$51M in volume today on $SATA
6.24% turnover (volume as a % of notional outstanding). A “liquidity” measure.
11x @BankofAmerica preferred
21x @jpmorgan preferred
56x @WellsFargo preferred
At today’s “turnover” rates, it would take $SATA ~16 days to turn over the entire notional outstanding.
It would take Wells Fargo preferred $WFC.PRL 909 trading days (about 3.6 years)
8/27 Market Stats
ASST:
- $309M+ of trading volume during market hours
- Closed at $23.12, up ~7.53%.
SATA:
- $51.6M+ of trading volume during market hours
- Closed at $100.01, a penny over par