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2 ETFs to Watch for Outsized Volume on Materials & High-Yield Muni Bonds
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In the last trading session, Wall Street was extremely upbeat. Among the top ETFs, (SPY - Free Report) added 3.1%, (DIA - Free Report) gained about 2.6% while (QQQ - Free Report) moved 3.1% higher 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.
This materials ETF was under the microscope as about 15.13 million shares moved hands. This compares with an average trading volume of roughly 5.25 million shares and came as XLB gained more than 3.6% in the last trading session. XLB is down 2.1% in a month’s time.
This high-yield muni bond ETF was in the spotlight as around 2.54 million shares moved hands compared with an average of 778,730 shares a day. We also saw some price movement as HYMB gained 1.2% in the last session. HYMB has slumped 3.7% over the past month.
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2 ETFs to Watch for Outsized Volume on Materials & High-Yield Muni Bonds
In the last trading session, Wall Street was extremely upbeat. Among the top ETFs, (SPY - Free Report) added 3.1%, (DIA - Free Report) gained about 2.6% while (QQQ - Free Report) moved 3.1% higher 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.
(XLB - Free Report) : Volume 2.88 Times Average
This materials ETF was under the microscope as about 15.13 million shares moved hands. This compares with an average trading volume of roughly 5.25 million shares and came as XLB gained more than 3.6% in the last trading session. XLB is down 2.1% in a month’s time.
(HYMB - Free Report) : Volume 3.26 Times Average
This high-yield muni bond ETF was in the spotlight as around 2.54 million shares moved hands compared with an average of 778,730 shares a day. We also saw some price movement as HYMB gained 1.2% in the last session. HYMB has slumped 3.7% over the past month.