Union Bank of India Sees Significant Surge in Open Interest Amid Trading Activity

Union Bank of India has experienced a notable increase in open interest today, reflecting heightened activity in its trading. The latest open interest stands at 36,687, marking a rise of 3,780 from the previous open interest of 32,907, which translates to an 11.49% change. The trading volume for the day reached 16,453, contributing to a futures value of approximately Rs 61,945.04 lakhs and an options value of Rs 3,669,407,222, bringing the total value to Rs 62,341.02 lakhs.
In terms of price performance, Union Bank of India has underperformed its sector by 1.22%, with a 1D return of -1.04%. The stock has been on a downward trend for the past four days, accumulating a total decline of 3.09% during this period. While the stock is currently trading above its 200-day moving average, it remains below the 5-day, 20-day, 50-day, and 100-day moving averages.

Additionally, the stock boasts a high dividend yield of 3.49% at the current price, and liquidity remains robust, with a trade size of Rs 2.33 crore based on 2% of the 5-day average traded value. Overall, the increase in open interest highlights a significant shift in trading dynamics for Union Bank of India, amidst its recent price performance.