In the last trading session, U.S. stocks saw rough trading sparked by a slew of weaker-than-expected economic data out of China and Europe that sparked fresh worries over the world’s second-biggest economy and prospects of global growth. Among the top ETFs, investors saw SPY lose 1.8%, DIA shed 2%, and QQQ move lower by 2.4% 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:
VGSH: Volume 5.72 Times Average
This short-term Treasury ETF was under the microscope as 4.8 million shares moved hands. This compares with an average trading day of roughly 913,000 shares and came as VGSH added 0.05% in the trading session.
The movement can largely be blamed on protection from rising rates as short-duration bond ETFs are less vulnerable and act as a better hedge to rising rates. VGSH has added 0.4% in a month’s time and carries a Zacks ETF Rank #4 (Sell) with a Medium risk outlook.
ACWX: Volume 3.11 Times Average
This world ETF was in the spotlight as around 6.4 million shares moved hands compared with an average of 2.1 million shares a day. We also saw some price movement as ACWX lost 1.3% in the last session.
The big move was largely the result of weak economic indicators that can have a big impact on global stocks like what we find in this ETF portfolio. ACWX has lost 3.7% over the past month and carries a Zacks ETF Rank #3 (Hold) 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 saw rough trading sparked by a slew of weaker-than-expected economic data out of China and Europe that sparked fresh worries over the world’s second-biggest economy and prospects of global growth. Among the top ETFs, investors saw SPY lose 1.8%, DIA shed 2%, and QQQ move lower by 2.4% 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:
VGSH: Volume 5.72 Times Average
This short-term Treasury ETF was under the microscope as 4.8 million shares moved hands. This compares with an average trading day of roughly 913,000 shares and came as VGSH added 0.05% in the trading session.
The movement can largely be blamed on protection from rising rates as short-duration bond ETFs are less vulnerable and act as a better hedge to rising rates. VGSH has added 0.4% in a month’s time and carries a Zacks ETF Rank #4 (Sell) with a Medium risk outlook.
ACWX: Volume 3.11 Times Average
This world ETF was in the spotlight as around 6.4 million shares moved hands compared with an average of 2.1 million shares a day. We also saw some price movement as ACWX lost 1.3% in the last session.
The big move was largely the result of weak economic indicators that can have a big impact on global stocks like what we find in this ETF portfolio. ACWX has lost 3.7% over the past month and carries a Zacks ETF Rank #3 (Hold) 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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