The key U.S. equity gauges ended in the red on Thursday amid strengthening bet over the Fed rate hike by this year-end. Among the top ETFs, investors saw SPY lose about 0.3%, DIA dip over 0.1% and QQQ move lower 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 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:
BBRC: Volume 6.24 times average
This emerging market ETF excluding BRIC countries was in focus yesterday as roughly 89,000 shares moved hands compared with an average of roughly 14,250 shares. BBRC declined about 0.7% on the day.
Rising rate concerns in the U.S. may have weighed on emerging market investing. In the last one-month period, BBRC was down over 1.3%.
DRV : Volume 3.56 times average
This inverse leveraged real estate ETF was under the microscope on Thursday as nearly 282,000 shares moved hands. This compares with an average trading volume of 79,150 shares and came as DRV gained about 7.82% in the session.
The sharp sell-off of global bonds amid the Fed rate hike fear, BoJ’s intension to steepen the Japanese yield curve and talks of the ECB tapering next year have pushed U.S. 10-year yield up to the highest level since June. This wreaked havoc on rate-sensitive sectors like real estate and explains the surge in the inverse leveraged real estate ETF. In the last one-month period, DRV was up about 32%.
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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 >>
The key U.S. equity gauges ended in the red on Thursday amid strengthening bet over the Fed rate hike by this year-end. Among the top ETFs, investors saw SPY lose about 0.3%, DIA dip over 0.1% and QQQ move lower 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 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:
BBRC: Volume 6.24 times average
This emerging market ETF excluding BRIC countries was in focus yesterday as roughly 89,000 shares moved hands compared with an average of roughly 14,250 shares. BBRC declined about 0.7% on the day.
Rising rate concerns in the U.S. may have weighed on emerging market investing. In the last one-month period, BBRC was down over 1.3%.
DRV : Volume 3.56 times average
This inverse leveraged real estate ETF was under the microscope on Thursday as nearly 282,000 shares moved hands. This compares with an average trading volume of 79,150 shares and came as DRV gained about 7.82% in the session.
The sharp sell-off of global bonds amid the Fed rate hike fear, BoJ’s intension to steepen the Japanese yield curve and talks of the ECB tapering next year have pushed U.S. 10-year yield up to the highest level since June. This wreaked havoc on rate-sensitive sectors like real estate and explains the surge in the inverse leveraged real estate ETF. In the last one-month period, DRV was up about 32%.
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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