In the last trading session, the U.S. stocks lost for the second time in a row this week on global growth fears and weak Q1 earnings expectations. Among the top ETFs, investors saw SPY lose 1%, DIA shed 0.7% and QQQ move lower by 1% 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:
DIV: Volume 10.38 times average
This dividend ETF was in focus yesterday as around 867,000 shares moved hands compared with an average of roughly 97,000 shares a day. We also saw some price movement as DIV lost nearly 1.1% in the last session.
The big move was largely the result of market uncertainty and volatility that are compelling investors to flock to stable and safe avenues. This can have a big impact on dividend stocks like what we find in this ETF portfolio. In the past one-month period, DIV was up 1.4% and has a Zacks ETF Rank of 2 or ‘Buy’ rating with a Medium risk outlook.
IJJ: Volume 7.08 times average
This mid cap ETF was under the microscope yesterday as more than 1.1 million shares moved hands. This compares with an average trading day of around 173,000 shares and came as IJJ shed 1.1% in the session.
The movement can largely be blamed on concerns over weak Q1 earnings that made investors cautious and shift to mid cap stocks, which generally offer the best of both worlds and assure growth and stability in a portfolio. IJJ was up 2.2% in the past one month and has a Zacks ETF Rank of 3 or ‘Hold’ rating with a Medium risk outlook.
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GLBL-X SPRDV US (DIV): ETF Research Reports
ISHARS-SP MC VL (IJJ): ETF Research Reports
NASDAQ-100 SHRS (QQQ): ETF Research Reports
SPDR-SP 500 TR (SPY): ETF Research Reports
SPDR-DJ IND AVG (DIA): ETF Research Reports
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