In the last trading session, U.S. stocks logged in their worst day since mid-May amid escalating tension between the U.S. and North Korea. Among the top ETFs, investors saw (SPY - Free Report) lose 1.4%, (DIA - Free Report) shed 0.9% and (QQQ - Free Report) move lower by 2.1% 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:
(UVXY - Free Report) : Volume 5.70 times average
This leveraged volatility ETF was in the spotlight yesterday as nearly 68.5 million shares moved hands compared with an average of roughly 12.7 million shares a day. We also saw some price movement as UVXY gained nearly 27% last session.
The movement can largely be blamed on heightened volatility resulting from geopolitics. UVXY was up 5.3% in the past one month.
(UGL - Free Report) : Volume 5.18 times average
This leveraged gold ETF was under the microscope yesterday as nearly 179,000 shares moved hands. This compares with an average trading day of around 35,000 shares and came as UGL added about 1.4% in the trading session.
The big move was largely the result of investors’ flight to safety as gold is often viewed as a store of value and hedge against market turmoil. UGL gained 11.6% in the past one month.
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