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Invesco QQQ (QQQ) - free report >>
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WisdomTree Japan Hedged SmallCap Equity ETF (DXJS) - free report >>
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Insurance & Hedged-Japan Small-Cap: 2 ETFs Trading with Outsized Volume
In the last trading session, U.S. stocks were mixed. Though oil prices rose, the broader market remained muted. Among the top ETFs, investors saw SPY lose about 0.1%, (DIA - Free Report) gain 0.01% and (QQQ - Free Report) shed about 0.1% 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 the ones to watch out for in the days ahead to see if this trend of extra interest continues:
(KIE - Free Report) : Volume 4.48 times average
This insurance ETF was under the microscope yesterday as nearly 690,000 shares moved hands. This compares to an average trading volume of 153,250 shares and came as KIE added about 0.2% in the session.
The movement can largely be credited to stronger job reports in back-to-back months ending July, which raised the odds of a Fed rate hike in the near term. This pushed up U.S. Treasury bond yields. As insurance stocks perform better in a rising rate environment, the latest movement is self-explanatory. In the last one-month period, KIE was up over 2.3%. The fund has a Zacks ETF Rank #3 (Hold).
(DXJS - Free Report) : Volume 4.46 times average
This small-cap currency-hedged Japan ETF was in focus yesterday as roughly 125,000 shares moved hands compared with an average of roughly 27,630 shares. The fund added about 0.9% in the session.
As the stronger U.S. job report pushed up the greenback and BoJ’s slight easing weighed on yen, the currency-hedged Japan ETFs were back in focus. Plus, prime minister Abe is planning a wide array of fiscal measures to boost the economy. This favored small-cap Japanese stocks. In the last one-month period, DXJS was up 1.4%. The fund has a Zacks ETF Rank #2 (Buy).
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