The last trading session has been a mixed one for U.S. stocks. Among the top ETFs, (SPY - Free Report) gained about 0.2%, DIA moved 0.3% higher but QQQ lost about 0.02% on the day.
Two other specialized ETFs are also worth watching as both saw higher-than-normal trading volume. In fact, both funds experienced volume levels that were more than double their average for the most part of the last trading session. This could make these ETFs the ones to watch out for in the days ahead to see if the trend continues.
RYF: Volume 3.06 times average
This financial ETF was closely watched yesterday as about 225,754 shares changed hands. This compares to the average trading volume of around 73,800 shares and RYF gained about 0.7% in the session.
A steepening yield curve has been benefiting the financial stocks and resulting in higher trading volumes. The fund has gained about 5.7% in the past month.
EPI: Volume 3.11 times average
This India ETF was in the spotlight yesterday as nearly 4.74 million shares moved hands compared with an average of roughly 1.52 million shares a day. The fund added about 1.4% in the last trading session.
Key India equity gauges staged the best rally in February. A solid GDP growth rate and company earnings “recovering from multi-year low growth rates.” The latest Interim budget called for initiatives aimed at boosting spending. These have probably led to this solid volume ahead of national polls expected in May. For the month, EPI is down about 2.6%.
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