In the last trading session, U.S. stocks were mostly in the green as investors are betting big on the Trump rally and the optimism over the upcoming holiday season buying. Among the top ETFs, investors saw SPY gain about 0.2%, (DIA - Free Report) advance 0.4% and (QQQ - Free Report) add about 0.3% 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:
RETL : Volume 4.89 times average
This triple-leveraged retail ETF was in focus yesterday as roughly 82,000 shares moved hands compared with an average of roughly 16,625 shares. RETL gained about 5.5% on the day.
The expectations of a spike in retail sales ahead of Black Friday deals and discounts gave a boost to this ETF. In the last one-month period, RETL was up about 4.9%.
ITA : Volume 4.31 times average
This U.S. aerospace and defense ETF was under the microscope yesterday as nearly 577,150 shares moved hands. This compares with an average trading volume of 142,000 shares and came as ITA added about 1.3% in the session.
The movement can be credited to the victory of Donald Trump as he is expected to increase U.S. military spending meaningfully. In the last one-month period, ITA was up about 11.3%.
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