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: 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: 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).
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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: 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: 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 >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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