Nasdaq, Inc. (NDAQ)

Nasdaq Inc.'s price just jumped roughly a tenth above where it sat a month ago, on more than double its usual daily trading volume.

What is going on right now?

The stock moved sharply higher this past stretch, with about 7 million shares changing hands compared to a typical 3 million. That kind of rapid climb often means a lot of new attention arrived quickly.

How is the business itself doing?

Nasdaq runs stock exchanges and sells data and technology to other financial firms. Its revenue grew about 15% and its earnings grew about 14% over the past year, with roughly 35 cents of every dollar earned kept as profit.

What stands out?

Almost 87% of shares are held by large institutions, and only about 2% are being bet against. That's a pretty lopsided crowd on one side.

What comes next?

Reports on broader interest rate decisions are expected around October 1, and Nasdaq earns a large share of its money from trading activity, which tends to shift when borrowing costs change.