In the last trading session, U.S. stocks rose on an intra-day rise in oil prices, which lifted up shares of energy companies; stocks also appreciated on a decline in U.S. jobless claims. For the top ETFs, investors saw both SPY and DIA rise 0.5%, while QQQ moved higher by 1.1% on the day.
Two more specialized ETFs are worth noting in particular though both saw trading volume that was far outside 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 in the days ahead to see if this trend of extra-interest continues:
SVXY: Volume 3.4 times average.
This inverse VIX short-term futures ETF was in focus yesterday as roughly 10.8 million shares moved hands on the day compared to an average of roughly 3.3 million. We also saw some share price movement as shares of SVXY rose 2.5% yesterday.
The movement can largely be attributed to an easing of the volatility in the market. Over the past one month, SVXY lost 47.7%.
VPL: Volume 3.1 times average.
This developed Asia-Pacific ETF was under the scanner as nearly 1.8 million shares moved hands yesterday compared to an average of roughly 600,000 shares. VPL rose 0.1% in the session.
The move was largely the result of a tailwind from Wall Street and signs of improvements in some economies such as Australia and the U.K. VPL is down 8.0% in the past month and it currently has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.
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SPDR-SP 500 TR (SPY): ETF Research Reports
SPDR-DJ IND AVG (DIA): ETF Research Reports
NASDAQ-100 SHRS (QQQ): ETF Research Reports
PRO-SH VIX STF (SVXY): ETF Research Reports
VANGD-FTSE PAC (VPL): ETF Research Reports
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Inverse VIX Short-Term Futures and Asia-Pacific: 2 ETFs Trading with Outsized Volume
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