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Social Media and China: 2 ETFs to Watch on Outsized Volume
In the last trading session, U.S. stocks were in the red thanks to trade war fears between the United States and China. Among the top ETFs, investors saw (SPY - Free Report) losing about 2.5%, (DIA - Free Report) shedding about 2.9% and (QQQ - Free Report) move lower by 2.5% on the day.
Two more specialized ETFs are also worth watching as both saw trading volume that was far outside of normal. In fact, both these funds experienced volume levels that were more than double their average for the most of the last trading session. This could make these ETFs ones to watch out for in the days ahead to see if this trend of extra-interest continues.
(SOCL - Free Report) : Volume 3.59 times average
This social media ETF was under the microscope yesterday as about 359,600 shares changed hands. This compares to the average trading volume of around 100,180 shares and came as SOCL lost about 4.7% in the session. The fund has been suffering from the rout in the tech space triggered by reports of Facebook’s data breaches. The fund has lost about 5.6% in the last one month.
(MCHI - Free Report) : Volume 2.94 times average
This China ETF was in the spotlight yesterday as nearly 8.4 million shares moved hands compared with an average of roughly 2.84 million shares a day. The fund lost about 5.1% in the last trading session on trade tension and was down about 5.3% in the last one month.
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