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Real Estate and Solar: Two ETFs Trading with Outsized Volume
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The major U.S. benchmarks ended in the red on Thursday owing to decline in oil prices and a slide in telecom stocks following mixed third-quarter results from Verizon. Meanwhile, a strengthening U.S. dollar on rising rate hike chances and no signs of tapering of quantitative easing program by the European Central Bank (ECB) resulted in a decline in oil prices. Among the top ETFs, investors saw (SPY - Free Report) decline nearly 0.2%, (DIA - Free Report) decrease nearly 0.3% and (QQQ - Free Report) fall about 0.1% 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:
: Volume 3.91 times average
This real estate ETF tracking the FTSE NAREIT Real Estate 50 was in focus yesterday as roughly 7,150 shares moved hands compared with an average of roughly 26,699 shares. FTY declined over 0.2% on the day.
An important Fed official, New York Fed President William Dudley indicated that a rate hike is coming by the end of this year, which had a negative impact on rate sensitive sectors like real estate. Dudley said: "If the economy stays on its current trajectory I think ... we'll see an interest rate hike later this year." In the last one-month period, FTY was down 3.6%.
This solar energy ETF was under the microscope on Thursday as nearly 760 shares moved hands. This compares to an average trading volume of 3,100 shares and came as KWT gained 0.7% in the session.
The rising possibility of Hillary Clinton’s win in next month’s presidential election played an important role in boosting this ETF as Clinton is widely known as a supporter of alternative energy. The chances rose further after polls showed that Hillary won the final Presidential debate, defeating Donald Trump by a wide margin. In the last one-month period, KWT was up nearly 5.1%.
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Real Estate and Solar: Two ETFs Trading with Outsized Volume
The major U.S. benchmarks ended in the red on Thursday owing to decline in oil prices and a slide in telecom stocks following mixed third-quarter results from Verizon. Meanwhile, a strengthening U.S. dollar on rising rate hike chances and no signs of tapering of quantitative easing program by the European Central Bank (ECB) resulted in a decline in oil prices. Among the top ETFs, investors saw (SPY - Free Report) decline nearly 0.2%, (DIA - Free Report) decrease nearly 0.3% and (QQQ - Free Report) fall about 0.1% 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:
: Volume 3.91 times average
This real estate ETF tracking the FTSE NAREIT Real Estate 50 was in focus yesterday as roughly 7,150 shares moved hands compared with an average of roughly 26,699 shares. FTY declined over 0.2% on the day.
An important Fed official, New York Fed President William Dudley indicated that a rate hike is coming by the end of this year, which had a negative impact on rate sensitive sectors like real estate. Dudley said: "If the economy stays on its current trajectory I think ... we'll see an interest rate hike later this year." In the last one-month period, FTY was down 3.6%.
(KWT - Free Report) : Volume 4.24 times average
This solar energy ETF was under the microscope on Thursday as nearly 760 shares moved hands. This compares to an average trading volume of 3,100 shares and came as KWT gained 0.7% in the session.
The rising possibility of Hillary Clinton’s win in next month’s presidential election played an important role in boosting this ETF as Clinton is widely known as a supporter of alternative energy. The chances rose further after polls showed that Hillary won the final Presidential debate, defeating Donald Trump by a wide margin. In the last one-month period, KWT was up nearly 5.1%.
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 >>