Surge in Open Interest Signals Increased Market Activity for 360 ONE WAM Ltd.

360 ONE WAM Ltd, a mid-cap player in the capital markets sector, has experienced a notable increase in open interest today. The latest open interest stands at 17,012 contracts, reflecting a rise of 1,842 contracts or 12.14% from the previous open interest of 15,170. This surge in open interest comes alongside a trading volume of 6,856 contracts, indicating heightened activity in the derivatives market.
In terms of price performance, 360 ONE WAM has shown a slight decline of 0.14% today, which is in line with the sector's performance, as the sector index recorded a marginal drop of 0.03%. Over the past three days, the stock has faced consecutive losses, totaling a decline of 2.54%. Despite this downturn, the stock's price remains above its 5-day, 20-day, 100-day, and 200-day moving averages, although it is trading below the 50-day moving average.

Additionally, the stock has demonstrated rising investor participation, with a delivery volume of 516,000 shares on August 22, marking a 40.84% increase compared to the 5-day average. The liquidity remains robust, supporting a trade size of Rs 1.44 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a significant shift in market dynamics for 360 ONE WAM Ltd.