We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Invesco QQQ (QQQ) - free report >>
SPDR S&P 500 ETF (SPY) - free report >>
SPDR Dow Jones Industrial Average ETF (DIA) - free report >>
Invesco CurrencyShares Japanese Yen Trust (FXY) - free report >>
Image: Bigstock
Yen and Energy: 2 ETFs to Watch on Outsized Volume
In the last trading session, U.S. stocks ended in the green after dismal ISM Services Index lowered the chances of a rate hike in the September policy meeting. Strong gains in energy stocks also boosted benchmarks. Among the top ETFs, investors saw (SPY - Free Report) gain about 0.4%, (DIA - Free Report) add about 0.3% and (QQQ - Free Report) advance about 0.6% 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, in the most recent trading session, both these funds experienced volume levels that were more than double their average. This could make these ETFs the ones to watch out for in the days ahead to see if this trend of extra interest continues:
(FXY - Free Report) : Volume 3.7 times average
This Yen ETF was under the microscope on Tuesday as nearly 832,302 shares moved hands. This compares to an average trading volume of 224,830 shares and came as FXY lost about 2% in the session.
Surge in Yen against the U.S. dollar played a major role in boosting the ETF yesterday. Decrease in rate-hike speculations following release of disappointing ISM Services Index led the dollar to weaken against major currencies. In the last one-month period, FXY increased nearly 0.4%. The fund has a Zacks ETF Rank #3 (Hold).
(IXC - Free Report) : Volume 3.47 times average
This energy ETF was in focus yesterday as roughly 598,270 shares moved hands compared with an average of roughly 172,610 shares. IXC rose about 1.3% on the day.
The announcement of a $28 billion acquisition deal between Enbridge and Spectra Energy led the energy sector to register healthy gains yesterday, which in turn boosted the energy ETF. In the last one-month period, IXC was up 2.4%. The fund has a Zacks ETF Rank #3.
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 >>