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International and Leveraged Financials: 2 ETFs to Watch on Outsized Volume
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In the last trading session, U.S. stocks staged a bear market rally. Among the top ETFs, investors saw (SPY - Free Report) gain 3.2%, (DIA - Free Report) add 3.1%, and (QQQ - Free Report) move 3.6% 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.
This international ETF was in the spotlight as around 7.85 million shares moved hands compared with an average 2.33 million shares a day. We also saw some price movement as ACWX gained 1.6% in the last session.
The big move was largely the result of renewed risk-on trade sentiments amid mammoth monetary and fiscal stimulus measures. ACWX has lost 23.1% over the past month.
This triple leveraged financial ETF was under the microscope as 7.66 million shares moved hands. This compares with average trading volume of roughly 2.62 million shares and came as FAS added 5.9% in the last trading session. The movement was largely because of the risk-on sentiments. FAS has plunged 64% in a month’s time.
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International and Leveraged Financials: 2 ETFs to Watch on Outsized Volume
In the last trading session, U.S. stocks staged a bear market rally. Among the top ETFs, investors saw (SPY - Free Report) gain 3.2%, (DIA - Free Report) add 3.1%, and (QQQ - Free Report) move 3.6% 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.
(ACWX - Free Report) : Volume 3.50 Times Average
This international ETF was in the spotlight as around 7.85 million shares moved hands compared with an average 2.33 million shares a day. We also saw some price movement as ACWX gained 1.6% in the last session.
The big move was largely the result of renewed risk-on trade sentiments amid mammoth monetary and fiscal stimulus measures. ACWX has lost 23.1% over the past month.
(FAS - Free Report) : Volume 3.03 Times Average
This triple leveraged financial ETF was under the microscope as 7.66 million shares moved hands. This compares with average trading volume of roughly 2.62 million shares and came as FAS added 5.9% in the last trading session. The movement was largely because of the risk-on sentiments. FAS has plunged 64% 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 >>