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
Palladium and Short-Term Treasury: 2 ETFs to Watch on Outsized Volume
In the last trading session, U.S. stocks rallied on a better-than-expected jobs report for December and Powell’s comments. Among the top ETFs, investors saw (SPY - Free Report) and DIA gaining 3.3%, and (QQQ - Free Report) move 4.3% higher 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.
(PALL - Free Report) : Volume 5.85 Times Average
This palladium ETF was under the microscope as 118,000 shares moved hands. This compares with an average trading day of roughly 22,000 shares and came as PALL gained 3% in the trading session.
The big move was largely the result of record palladium prices due to strong demand by a global shift from diesel to gasoline and hybrid vehicles. PALL has climbed 8.6% over the past month and carries a Zacks ETF Rank #3 (Hold) with a High risk outlook.
(BSV - Free Report) : Volume 5.16 Times Average
This short-term Treasury ETF was in the spotlight as around 13.2 million shares moved hands compared with average 2.7 million shares a day. We also saw some price movement as BSV lost 0.2% in the last session.
The movement can largely be blamed on optimism over U.S-China trade talks and a strong jobs report that led to increase in Treasury yields. Yields and bond prices have inverse relationship. BSV has added 0.9% in a month’s time.
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 >>