In the last trading session, U.S. stocks ended in the green after Democratic candidate Hillary Clinton and Republican candidate Donald Trump participated in the first presidential face-off. Most of the markets participants saw Clinton as the winner of the first presidential debate. Moreover, encouraging consumer confidence data further boosted the benchmarks. Among the top ETFs, investors saw (SPY - Free Report) gain over 0.6%, (DIA - Free Report) increase over 0.7% while (QQQ - Free Report) fell about 1% 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:
(IUSG - Free Report) : Volume 3.81 times average
This growth ETF tracking the Russell 3000 Growth Index was in focus yesterday as roughly 465,200 shares moved hands compared with an average of roughly 116,130 shares. IUSG gained over 0.7% on the day.
Broad based gain in the major U.S. benchmarks primarily boosted the ETF yesterday. Investors cheered Clinton’s win in the debate, which in turn boosted major benchmarks. However, in the last one-month period, IUSG was down slightly about 0.1%. IUSG carries a Zacks ETF Rank #3 (Hold).
(JJP - Free Report) : Volume 3.64 times average
This precious metals ETF was under the microscope on Tuesday as nearly 5,400 shares moved hands. This compares to an average trading volume of 1,230 shares and came as JJP lost about 1.9% in the session.
Strong rebound in the major U.S benchmarks and strengthening dollar led prices of the safe-haven asset, gold to fall yesterday, which emerged as the main reason behind the ETF’s decline. However, in the last one-month period, JJP was up 1.1%. The fund has a Zacks ETF Rank #3.
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