In the last trading session, U.S. stocks were mostly in the red. Among the top ETFs, investors saw (SPY - Free Report) losing about 3.7%, (DIA - Free Report) shedding about 4.1% and QQQ move lower by over 4% on the day.
Two more specialized ETFs are also worth watching 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 of the last trading session. This could make these ETFs ones to watch out for in the days ahead to see if this trend of extra-interest continues.
(IYF - Free Report) : Volume 4.77 times average
This U.S. financial ETF was under the microscope yesterday as about 1.32 million shares changed hands. This compares to an average trading volume of around 277,000 shares and came as IYF lost about 4.1% in the session.
The movement can largely be credited to the huge slide in the Dow Jones index as the fund follows the price and yield performance of the Dow Jones U.S. Financials Index. The fund lost about 5.6% in the last one month.
(DIA - Free Report) : Volume 3.35 times average
This blue-chip index ETF was in the spotlight yesterday as nearly 15.8 million shares moved hands compared with an average of roughly 4.72 million shares a day. We also saw some price movement as DIA retreated about 4.1% in the last session.
The move was largely the result of a broader-based selloff. Investors got worried about higher inflationary expectations and rising rate concerns. The fund was down about 6% in the last one month.
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