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Technology and Energy: 2 ETFs to Watch on Outsized Volume

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In the last trading session, U.S. stocks rose on optimism surrounding a deal with China. Among the top ETFs, investors saw SPY gain 0.6%, (DIA - Free Report) added 0.6%, and QQQ move 1.12% 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.

RYT: Volume 5.10 Times Average

This technology ETF was in the spotlight as around 244,000 shares moved hands compared with an average 50,000 shares a day. We also saw some price movement as RYT gained 1.3% in the last session.

The move was largely the result of deal optimism that can have a big impact on technology stocks like what we find in this ETF portfolio. RYT has gained 5.4% over the past month and has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.

PXI: Volume 3.96Times Average

This energy ETF was under the microscope as 40,000 shares moved hands. This compares with an average trading volume of roughly 11,000 shares and came as PXI added 0.8% in the trading session.

The movement can largely be blamed on oil price volatility on Saudi output. PXI has risen 11.3% in a month’s time and has a Zacks ETF Rank #5 (Strong Sell) with a High risk outlook.

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