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Direxion Daily S&P 500 Bear 3X Shares (SPXS) - free report >>
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2 ETFs to Watch for Outsized Volume on Inverse Leverage S&P 500 & Technology
In the last trading session, Wall Street was extremely upbeat. Among the top ETFs, (SPY - Free Report) rose 2.6%, (DIA - Free Report) advanced about 2.9% while (QQQ - Free Report) moved 2.4% 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.
(SPXS - Free Report) : Volume 2.76 Times Average
This S&P 500 inverse leveraged ETF was under the microscope as about 60.84 million shares moved hands. This compares with an average trading volume of roughly 22.04 million shares and came as SPXS lost more than 7% in the last trading session. SPXS is up 29.7% in a month’s time.
: Volume 3.90 Times Average
This technology ETF was in the spotlight as around 180,065 shares moved hands compared with an average of 45,860 shares a day. We also saw some price movement as RYT gained 2.5% in the last session. RYT has slumped 10.2% over the past month.