In the last trading session, U.S. stocks continued to see rough trading on Trump’s warning to increase tariff on Chinese goods from Friday. Among the top ETFs, investors saw (SPY - Free Report) shed 0.3%, (DIA - Free Report) lose 0.5%, and (QQQ - Free Report) move 0.5% lower 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 ones to watch out for in the days ahead to see if this trend of extra-interest continues.
SMH: Volume 3.13 Times Average
This semiconductor ETF was in the spotlight as around 18.2 million shares moved hands compared with an average 5.83 million shares a day. We also saw some price movement as SMH lost 1.4% in the last session.
The movement can largely be blamed on renewed trade tensions that took semiconductor stocks into a tailspin. U.S. semiconductor companies have huge revenue exposure to China. SMH has shed 1.7% in a month’s time.
EIDO: Volume 3.05 Times Average
This Indonesia ETF was under the microscope as 3.59 million shares moved hands. This compares with average trading volume of roughly 1.17 million shares and came as EIDO lost 1.4% in the trading session.
The big move was largely the result of a slowing Indonesian economy, which made investors cautious. Also, re-escalation in U.S.-China trade tensions compounded the threat to Indonesia investing. EIDO has lost 8.2% over the past month.
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