In the last trading session, U.S. stocks were mixed. Investors were probably clueless about the timeline of the Fed rate hike and renewed uncertainty in the oil patch following IEA’s forecast of a continuing global oil supply glut. Among the top ETFs, investors saw SPY lose about 0.04%, DIA shed about 0.2% but QQQ advance about 0.5% 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 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:
JKD: Volume 4.41 times average
This large-cap U.S. ETF was under the microscope on Wednesday as nearly 50,500 shares moved hands. This compares to an average trading volume of 11,430 shares and came as JKD gained about 0.2% in the session.
The movement can be credited to dimming prospects of a Fed rate hike in September, which in turn curbed the strength of the greenback. A lower U.S. dollar is good news for large-cap stocks that have considerable foreign currency exposure and are thus less susceptible to negative currency translation. However, in the last one-month period, JKD was down about 2.4%. The fund has a Zacks ETF Rank #3 (Hold).
EWQ: Volume 3.41 times average
This France ETF was in focus yesterday as roughly 2.6 million shares moved hands compared with an average of roughly 753,300 shares. EWQ lost about 0.6% on the day.
Economic growth in France stalled in Q2, following a 0.7% expansion in Q1. Plus, the latest slump in oil prices also dragged down the France ETF. In the last one-month period, EWQ was down about 2.2%. The fund has a Zacks ETF Rank #4 (Sell).
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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, U.S. stocks were mixed. Investors were probably clueless about the timeline of the Fed rate hike and renewed uncertainty in the oil patch following IEA’s forecast of a continuing global oil supply glut. Among the top ETFs, investors saw SPY lose about 0.04%, DIA shed about 0.2% but QQQ advance about 0.5% 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 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:
JKD: Volume 4.41 times average
This large-cap U.S. ETF was under the microscope on Wednesday as nearly 50,500 shares moved hands. This compares to an average trading volume of 11,430 shares and came as JKD gained about 0.2% in the session.
The movement can be credited to dimming prospects of a Fed rate hike in September, which in turn curbed the strength of the greenback. A lower U.S. dollar is good news for large-cap stocks that have considerable foreign currency exposure and are thus less susceptible to negative currency translation. However, in the last one-month period, JKD was down about 2.4%. The fund has a Zacks ETF Rank #3 (Hold).
EWQ: Volume 3.41 times average
This France ETF was in focus yesterday as roughly 2.6 million shares moved hands compared with an average of roughly 753,300 shares. EWQ lost about 0.6% on the day.
Economic growth in France stalled in Q2, following a 0.7% expansion in Q1. Plus, the latest slump in oil prices also dragged down the France ETF. In the last one-month period, EWQ was down about 2.2%. The fund has a Zacks ETF Rank #4 (Sell).
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>
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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