In the past trading session, U.S. stocks rallied led by shares of retailers as shoppers were on a hunt for deals on Cyber Monday. Among the top ETFs, investors saw SPY gain 1.6%, DIA move higher by 1.5% and QQQ gain 2.3% 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 these funds experienced volume levels that were more than double their average for the most-recent trading session. This could make these ETFs ones to watch out for in the days ahead to see if this trend of extra-interest continues.
VGIT: Volume 4.8 times average.
This fixed income ETF was under the microscope as nearly 1.3 million shares moved hands in the last trading session. This compares to an average trading day of nearly 271,000 shares and it came as VGIT lost about 0.02% on the session.
The movement can largely be blamed on broad gains that the markets saw in the last trading session, which made investors rotate out of the safe haven. VGIT has returned 0.4% in the past month. It currently has a Zacks ETF Rank #4 (Sell).
EDIV: Volume 4.6 times average.
This emerging market ETF was in focus as roughly 251,000 shares moved hands in the last trading session compared with an average of roughly 55,000 shares. We also saw some share price movement as shares of EDIV added 1.6% in the last trading session.
The big move was caused as a result of improving outlook toward the emerging markets. Recently, Morgan Stanley upgraded stocks in the emerging economies from "underweight" to "overweight" for next year and went underweight on U.S. equities due to slowdown in economic activity. In the past month, EDIV has returned 5.2%. The fund currently has a Zacks ETF Rank #3 (Hold).
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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 past trading session, U.S. stocks rallied led by shares of retailers as shoppers were on a hunt for deals on Cyber Monday. Among the top ETFs, investors saw SPY gain 1.6%, DIA move higher by 1.5% and QQQ gain 2.3% 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 these funds experienced volume levels that were more than double their average for the most-recent trading session. This could make these ETFs ones to watch out for in the days ahead to see if this trend of extra-interest continues.
VGIT: Volume 4.8 times average.
This fixed income ETF was under the microscope as nearly 1.3 million shares moved hands in the last trading session. This compares to an average trading day of nearly 271,000 shares and it came as VGIT lost about 0.02% on the session.
The movement can largely be blamed on broad gains that the markets saw in the last trading session, which made investors rotate out of the safe haven. VGIT has returned 0.4% in the past month. It currently has a Zacks ETF Rank #4 (Sell).
EDIV: Volume 4.6 times average.
This emerging market ETF was in focus as roughly 251,000 shares moved hands in the last trading session compared with an average of roughly 55,000 shares. We also saw some share price movement as shares of EDIV added 1.6% in the last trading session.
The big move was caused as a result of improving outlook toward the emerging markets. Recently, Morgan Stanley upgraded stocks in the emerging economies from "underweight" to "overweight" for next year and went underweight on U.S. equities due to slowdown in economic activity. In the past month, EDIV has returned 5.2%. The fund currently has a Zacks ETF Rank #3 (Hold).
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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