3. PowerShares QQQ – QQQ

Average Daily Volume: $3.89 billion

Investors loved the Powershares QQQ—which tracks the Nasdaq 100—because it is tilted towards the large-cap tech stocks that were responsible for the bulk of the market’s positive activity for the year. Thirty-two million shares of QQQ changed hands each day on average in 2015

2. iShares Russell 2000 ETF – IWM

Average Daily Volume: $4.07 billion

Investors traded this appropriately-named ETF, which follows the small-cap heavy Russell 2000 index, to play on the market volatility that permeated the latter half of 2015. Each day, 32.5 million shares of IWM were traded on average.

1. SPDR S&P 500 ETF – SPY

Average Daily Volume: $26.86 billion

It comes as no surprise that SPY, the first and the largest ETF, was the most heavily traded fund in 2015. The great-grandfather of ETFs saw an average of 124 million shares change hands each day.

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