Energy Sector & Indian Equities: Two ETFs Trading with Outsized Volume

Zacks Equity Research Published on March 24, 2017

In the past trading session, U.S. stocks continued to tumble amid the healthcare vote delay. Among the top ETFs, investors saw SPY lose 0.11%, DIA move lower by 0.05%, and QQQ lose 0.25% 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, both of these funds experienced volume levels that were more than four times their average for the most recent trading session. This could make these ETFs the ones to watch out for in the days ahead to see if this trend of extra interest continues:

FXN: Volume 7.31 times average.

This energy sector ETF was in focus yesterday as roughly 8.30 million shares moved hands compared to an average volume of roughly 1.26 million. We also saw some share price movement as shares of FXN lost 0.31% yesterday.

The movement can largely be blamed on the uncertainty prevailing in the overall markets due to the healthcare vote delay and increased U.S. shale oil stockpiles. For the month, FXN is down 7.97%. The fund currently has a Zacks ETF Rank #3 (Hold) with a High risk outlook.

INP: Volume 4.20 times average.

This Indian equity market ETF was under the microscope yesterday as nearly 55.42 thousand shares moved hands. This compares to an average volume of 14.08 thousand shares and it came as INP gained 0.04% in the session.

Indian benchmark indices went through a short covering after four consecutive sessions of decline, where the Nifty managed to close above its 5-day EMA at 9084. INP is up over 5.12% in the past month and currently has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook.

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