We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
U.S. Intermediate Bond & Europe Financials: 2 ETFs Trading with Outsized Volume
Read MoreHide Full Article
In the last trading session, the U.S. stocks were in the red. Looming Brexit fears and uncertainty over the health of the U.S. economy following Fed chief Yellen’s cautious comments dampened market sentiments. Among the top ETFs, investors saw SPYlose about 0.2%, DIA move lower by over 0.3% and QQQ shed over 0.2% on the day.
Two more specialized ETFs are worth noting in particular though as both saw trading volume that was far outside of normal. In fact, in the most recent trading session, both these funds experienced volume levels that were more than double their average. This could make these ETFs ones to watch out for in the days ahead to see if this trend of extra interest continues:
This U.S. intermediate-term Treasury bond ETF was under the microscope yesterday as nearly 2 million shares moved hands. This compares to an average trading volume of 520,000 shares and came as IEI gained over 0.1% in the session.
The movement was because of the falling U.S. Treasury yield. In the last one-month period, IEI was up about 0.9%.
This Europe financials ETF was in focus on Wednesday as roughly 710,000 shares moved hands compared with an average of roughly 230,000 shares. The fund lost about 2.7% in the session.
The movement can largely be credited to the ongoing speculation on whether Britain will stay in the European Union or leave it after the June 23 referendum. If Britain exits, this ETF is likely to face considerable downside risk. In the last one-month period, EUFN was down about 0.9%. The fund carries a Zacks ETF Rank #3 (Hold).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
U.S. Intermediate Bond & Europe Financials: 2 ETFs Trading with Outsized Volume
In the last trading session, the U.S. stocks were in the red. Looming Brexit fears and uncertainty over the health of the U.S. economy following Fed chief Yellen’s cautious comments dampened market sentiments. Among the top ETFs, investors saw SPYlose about 0.2%, DIA move lower by over 0.3% and QQQ shed over 0.2% on the day.
Two more specialized ETFs are worth noting in particular though as both saw trading volume that was far outside of normal. In fact, in the most recent trading session, both these funds experienced volume levels that were more than double their average. This could make these ETFs ones to watch out for in the days ahead to see if this trend of extra interest continues:
(IEI - Free Report) : Volume 3.97 times average
This U.S. intermediate-term Treasury bond ETF was under the microscope yesterday as nearly 2 million shares moved hands. This compares to an average trading volume of 520,000 shares and came as IEI gained over 0.1% in the session.
The movement was because of the falling U.S. Treasury yield. In the last one-month period, IEI was up about 0.9%.
(EUFN - Free Report) : Volume 3.07 times average
This Europe financials ETF was in focus on Wednesday as roughly 710,000 shares moved hands compared with an average of roughly 230,000 shares. The fund lost about 2.7% in the session.
The movement can largely be credited to the ongoing speculation on whether Britain will stay in the European Union or leave it after the June 23 referendum. If Britain exits, this ETF is likely to face considerable downside risk. In the last one-month period, EUFN was down about 0.9%. The fund carries a Zacks ETF Rank #3 (Hold).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>