In the last trading session, U.S. stocks were in the green. Among the top ETFs, investors saw (SPY - Free Report) , (DIA - Free Report) and (QQQ - Free Report) move higher by 0.3%, 0.5% and 0.3% on the day, respectively.
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 ones to watch out for in the days ahead to see if this trend of extra-interest continues:
SPYV: Volume 5.18 Times Average
This large-cap value ETF was in the spotlight yesterday as nearly 5.25 million shares moved hands compared with an average of 1.01 million shares a day. We also saw considerable price movement as SPYV gained about 0.3% in the last session.
The move was largely the result of the new-found interest in value ETFs given the ongoing rising rate concerns, U.S.-Sino trade war and fears of peaking growth. SPYV has gained 2.6% past month.
IYC: Volume 5.29 Times Average
This consumer services ETF was under the microscope yesterday as about 257,625 shares moved hands. This compares with an average trading day of roughly 48.73 million shares and came as IYC added about 0.7% in the trading session.
The movement can largely be credited to ongoing tensions in the market which led investors to flock to this safe consumer sector. The fund was up about 2.2% in a month’s time.
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