In the last trading session, U.S. stocks rose on hopes of a trade deal between the two countries. Among the top ETFs, investors saw (SPY - Free Report) gain 0.7%, DIA add 0.6%, and (QQQ - Free Report) move 0.8% 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 ones to watch out for in the days ahead to see if this trend of extra-interest continues.
(IWS - Free Report) : Volume 7.02 Times Average
This mid-cap ETF was in the spotlight as around 3.5 million shares moved hands compared with an average 542,000 shares a day. We also saw some price movement as IWS gained 0.6% in the last session.
The big move was largely the result of investors’ flight to both growth and stability. This could have a big impact on mid-cap stocks like what we find in this ETF portfolio. IWS has lost 2.3% over the past month and has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook.
(IYM - Free Report) : Volume 3.22 Times Average
This materials ETF was under the microscope as 118,000 shares moved hands. This compares with an average trading volume of roughly 38,000 shares and came as IYM added 1% in the last trading session.
The movement can largely be blamed on deal optimism that could benefit the materials sector, which tends to be most sensitive to global economic growth expectations. IYM has shed 2.9% in a month’s time and has a Zacks ETF Rank #4 (Sell) with a High risk outlook.
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