In the last trading session, U.S. stocks ended lower driven by a technology sell-off. Among the top ETFs, SPY and DIA lost 0.5% and QQQ move lower by 1.4% 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:
IDU: Volume 3.41 times average
This utilities ETF was under the microscope yesterday as nearly 211,000 shares moved hands. This compares with an average trading day of roughly 64,000 shares and came as IDU shed about 0.6% in the session.
The big move was prompted by the defensive investment amid turbulence. Being a low-beta sector, utility is relatively protected from large swings (ups and downs) in the stock market. IDU has added 0.6% in the past month and carries a Zacks ETF Rank #5 (Strong Sell) with a Medium risk outlook.
KBWB: Volume 2.97 times average
This bank ETF was in the spotlight yesterday as about 1.7 million shares moved hands compared with an average of 586,000 shares a day. We also saw some price movement as KBWB added 0.07% in the last session.
The movement can largely be blamed on a sharp rise in Treasury yields that has benefited stocks like those that we find in this ETF portfolio. KBWB is up 5.6% in a month’s time and has a Zacks ETF Rank #2 (Buy) with a High risk outlook.
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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 ended lower driven by a technology sell-off. Among the top ETFs, SPY and DIA lost 0.5% and QQQ move lower by 1.4% 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:
IDU: Volume 3.41 times average
This utilities ETF was under the microscope yesterday as nearly 211,000 shares moved hands. This compares with an average trading day of roughly 64,000 shares and came as IDU shed about 0.6% in the session.
The big move was prompted by the defensive investment amid turbulence. Being a low-beta sector, utility is relatively protected from large swings (ups and downs) in the stock market. IDU has added 0.6% in the past month and carries a Zacks ETF Rank #5 (Strong Sell) with a Medium risk outlook.
KBWB: Volume 2.97 times average
This bank ETF was in the spotlight yesterday as about 1.7 million shares moved hands compared with an average of 586,000 shares a day. We also saw some price movement as KBWB added 0.07% in the last session.
The movement can largely be blamed on a sharp rise in Treasury yields that has benefited stocks like those that we find in this ETF portfolio. KBWB is up 5.6% in a month’s time and has a Zacks ETF Rank #2 (Buy) with a High risk outlook.
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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