In the last trading session, U.S. stocks ended lower pressured by falling oil prices. Among the top ETFs, investors saw SPY and DIA lose 0.7%, and QQQ move lower by 0.7% 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:
PXE: Volume 3.65 Times Average
This energy ETF was under the microscope as 121,000 shares moved hands. This compares with an average trading day of roughly 35,000 shares and came as PXE shed 4.2% in the trading session.
The big move was largely the result of a worsening oil price rout that can have a big impact on stocks like what we find in this ETF portfolio. PXE has lost 10.4% over the past month and carries a Zacks ETF Rank #3 (Hold) with a High risk outlook.
PRF: Volume 2.44 Times Average
This value ETF was in the spotlight as around 384,000 shares moved hands compared with an average of 166,000 shares a day. We also saw some price movement as PRF lost 0.7% in the last session.
The movement can largely be blamed on bouts of volatility that led to investors’ drive to value stocks as these are less susceptible to trending markets and their dividend payments offer safety in times of market turbulence. PRF has lost 1.5% in a month’s time and carries a Zacks ETF Rank #3 with a Medium 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 pressured by falling oil prices. Among the top ETFs, investors saw SPY and DIA lose 0.7%, and QQQ move lower by 0.7% 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:
PXE: Volume 3.65 Times Average
This energy ETF was under the microscope as 121,000 shares moved hands. This compares with an average trading day of roughly 35,000 shares and came as PXE shed 4.2% in the trading session.
The big move was largely the result of a worsening oil price rout that can have a big impact on stocks like what we find in this ETF portfolio. PXE has lost 10.4% over the past month and carries a Zacks ETF Rank #3 (Hold) with a High risk outlook.
PRF: Volume 2.44 Times Average
This value ETF was in the spotlight as around 384,000 shares moved hands compared with an average of 166,000 shares a day. We also saw some price movement as PRF lost 0.7% in the last session.
The movement can largely be blamed on bouts of volatility that led to investors’ drive to value stocks as these are less susceptible to trending markets and their dividend payments offer safety in times of market turbulence. PRF has lost 1.5% in a month’s time and carries a Zacks ETF Rank #3 with a Medium 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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