Here are the 3 most heavily traded ASX 200 shares this Tuesday

We take a look at the most active ASX 200 shares by volume…

Sebastian Bowen

Author Bio Sebastian Bowen has been a Motley Fool contributor since late 2018. Sebastian found his passion for writing and educating others about shares and all things finance after completing his studies in political, economic and social science and enjoys bringing this passion to life at the Fool. His investment philosophy is a simple one – buying high-quality companies at prices that make sense. When he’s not researching his next investment at all hours of the morning, Sebastian enjoys classic movies and likes to unwind with a good book, newspaper or record. Areas of Expertise Dividend investing ETFs Education Bachelor of Political, Economic, and Social Sciences (Government and International Relations), University of Sydney Social Media X/Twitter Favorite Investment Quote "In the short run, the market is a voting machine, but in the long run, it is a weighing machine." – Benjamin Graham

Published February 1, 2022 3:22 pm AEDT

It seems the S&P/ASX 200 Index (ASX: XJO) is continuing to recover from its recent slump today. At the time of writing, the ASX 200 is up 0.74% at 7,023 points.

So before we get the champagne ready, let's dive a little deeper into the markets and check out the ASX 200 shares that are topping the share market's trading volume charts, according to investing.com.

Group of friends trading stocks on their phones. symbolising the 3 most traded ASX 200 shares today — Image source: Getty Images

The 3 most traded ASX 200 shares by volume on Tuesday

BHP Group Ltd (ASX: BHP)

The Big Australian is our first share experiencing high trading volumes today. We have seen an impressive 12.31 million BHP shares bought and sold so far this Tuesday. This ASX 200 mining giant has taken a nasty tumble today, currently down by 2.91% at $45.00 a share. However, it's perhaps more likely that BHP's 'unification' is what is really behind this trading volume. Just yesterday, BHP wound up its London share listing and now only calls the ASX home. As such, many LSX-issued shares are finding their way to the ASX. This is probably influencing this trading volume we're seeing.

Telstra Corporation Ltd (ASX: TLS)

ASX 200 telco Telstra is next up today. So far, a hefty 13.44 million Telstra shares have found a new owner this Tuesday. There are no fresh developments out of this company recently so we can probably assume that this high volume is the result of the movements in the Telstra share price itself.

Telstra shares have had something of a volatile day. The telco is currently asking $3.95 a share, up 0.77% for the day. However, the share price has gone as high as $3.97 and as low as $3.90 during the day thus far. It's this bouncing around that is the likely cause of the trading volumes we are seeing.

Pilbara Minerals Ltd (ASX: PLS)

ASX 200 lithium producer Pilbara is our final share of the day today. So far this Tuesday, a sizeable 17.84 Pilbara shares have traded on the markets. We can probably point to the movements of the Pilbara share price today to explain this volume once again. The Pilbara share price is presently up a robust 1.72% so far at $3.25 a share.

But earlier this morning, this lithium company was up as high as $3.40. As my Fool colleague Bernd covered today, ASX lithium shares like Pilbara are in focus right now amid warnings of a supply squeeze for the metal. This could be why Pilbara shares are topping the ASX 200's volume charts as we speak.

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