Robinhood Was Behind Phantom Surge in Berkshire Hathaway Trade Volumes, Study Finds

Sudden jump in trading volume in class A shares Warren Buffett‘s Berkshire Hathaway Confused investors last year. Now, a trio of academics say they have solved the mystery of the stock market.

The surge in volume was an illusion caused by a change in how Robinhood Markets Reports fractional trades, according to a new study to be released on Wednesday.