See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Invesco QQQ (QQQ) - free report >>
SPDR S&P 500 ETF (SPY) - free report >>
SPDR Dow Jones Industrial Average ETF (DIA) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Invesco QQQ (QQQ) - free report >>
SPDR S&P 500 ETF (SPY) - free report >>
SPDR Dow Jones Industrial Average ETF (DIA) - free report >>
Image: Bigstock
Material and Consumer Staples: 2 ETFs to Watch on Outsized Volume
In the past trading session, U.S. stocks managed to rebound after taking a plunge the day before. Among the top ETFs, investors saw (SPY - Free Report) gain 1.2%, (DIA - Free Report) move higher by 1.4% and (QQQ - Free Report) gain 1.3% 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, both of these funds experienced volume levels that were more than double their average for the most recent trading session. This could make these ETFs ones to watch in the days ahead to see if this trend of extra-interest continues:
XLB: Volume 3.2 times average.
This material ETF was in focus yesterday as roughly 23.2 million shares moved hands yesterday compared to an average of roughly 7.3 million shares. We also saw some share price movement as shares of XLB gained 2.1% yesterday.
The markets rallied on Oct 30, helping the sector to gain on positive sentiment. For the month, Zacks ETF Rank #3 (Hold) XLB is down 14.1%.
IYK: Volume 3 times average.
This consumer staples ETF was under the microscope yesterday as 122,000 shares moved hands yesterday. This compares to an average trading day of 41000 shares and it came as IYK gained over 1.9% on the session.
A strongly performing economy buoyed by high consumer confidence and a low level of unemployment rate have given a boost to this space. IYK is still down over 3.8% in the past month. However, shares currently have a Zacks ETF Rank # 4 (Sell).
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 >>