In the last trading session, U.S. stocks erased almost all its losses made early in the day as the tech rally tried to partially offset the slew of weak earnings reports. Among the top ETFs, investors saw SPY lost 0.2%, DIA was off 0% and QQQ move lower by 0.1% on the day.
Two more specialized ETFs are worth noting 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 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:
SCHO: Volume 8.65 times average
This short-term Treasury ETF was under the microscope yesterday as nearly 3 million shares moved hands. This compares with an average trading day of roughly 385,000 shares and came as SCHO added about 0.4% in the trading session.
The movement can largely be blamed on higher yields that led investors in search of better hedge to rising rates. SCHO is down 0.2% in a month’s time and has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.
QDF: Volume 7.23 times average
This quality dividend ETF was in the spotlight yesterday as about 664,000 shares moved hands compared with an average of 101,000 shares a day. We also saw some price movement as QDF shed 0.02% in the last session.
The big move was largely the result of heightened volatility that can have a huge impact on the dividend stocks like what we find in this ETF portfolio. QDF has gained 2.5% in the past month.
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 >>
In the last trading session, U.S. stocks erased almost all its losses made early in the day as the tech rally tried to partially offset the slew of weak earnings reports. Among the top ETFs, investors saw SPY lost 0.2%, DIA was off 0% and QQQ move lower by 0.1% on the day.
Two more specialized ETFs are worth noting 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 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:
SCHO: Volume 8.65 times average
This short-term Treasury ETF was under the microscope yesterday as nearly 3 million shares moved hands. This compares with an average trading day of roughly 385,000 shares and came as SCHO added about 0.4% in the trading session.
The movement can largely be blamed on higher yields that led investors in search of better hedge to rising rates. SCHO is down 0.2% in a month’s time and has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.
QDF: Volume 7.23 times average
This quality dividend ETF was in the spotlight yesterday as about 664,000 shares moved hands compared with an average of 101,000 shares a day. We also saw some price movement as QDF shed 0.02% in the last session.
The big move was largely the result of heightened volatility that can have a huge impact on the dividend stocks like what we find in this ETF portfolio. QDF has gained 2.5% in the past month.
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 >>
Get the latest research report on QQQ - FREE
Get the latest research report on SPY - FREE
Get the latest research report on DIA - FREE
Get the latest research report on QDF - FREE
Get the latest research report on SCHO - FREE