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Brazil & U.S. Financials: 2 ETFs to Watch on Outsized Volume

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In the last trading session, U.S. stocks were in the red on political crisis in Italy. Among the top ETFs, investors saw SPDR S&P 500 ETF (SPY - Free Report) lost 1.1%, SPDR Dow Jones Industrial Average ETF (DIA - Free Report) was off 1.6% and PowerShares QQQ ETF (QQQ - Free Report) move lower by 0.4% 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:

(EWZ - Free Report) : Volume 3.27 times average

This Brazil ETF was under the microscope yesterday as nearly 56 million shares moved hands. This compares with an average trading day of roughly 17.82 million shares and came as EWZ lost about 5.8% in the trading session.

The movement can largely be blamed on an ongoing truckers’ strike in protest against rising oil prices. This strike affected the economy as a whole for a valid reason. EWZ was down 16.5% in a month’s time.

(IYF - Free Report) : Volume 3.15 times average

This U.S. financial ETF was in the spotlight yesterday as about one million shares moved hands compared with an average of 353,000 shares a day. We also saw some price movement as IYF shed 2.4% in the last session.

The big move was largely the result of a decline in U.S. treasury yields, (as the Italy crisis triggered a safe haven rally) which weighed on this U.S. financial fund. Notably, IYF lost about 0.4% in the past month.

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