In the last trading session, U.S. stocks were mixed. Among the top ETFs, investors saw (SPY – Free Report) gaining about 0.4%, (DIA – Free Report) losing about 0.1% and (QQQ – Free Report) move lower by 0.4% on the day.
Two more specialized ETFs are also worth watching 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 of the last 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.
QQEW: Volume 4.01 times average
This Nasdaq-100, equal-weighted ETF was under the microscope yesterday as about 219,424 shares changed hands. This compares with average trading volume of around 54,700 shares and came as QQEW gained about 0.1% in the session.
The movement can largely be credited to the recent dovish Fed minutes wherein the central bank assured to adopt a patient approach in raising rates further. This has boosted investors’ sentiments. The fund has gained about 1.7% in the past month.
SCHV: Volume 4.81 times average
This large-cap value ETF was in the spotlight yesterday as 5.1 million shares moved hands compared with an average of roughly 1.05 million shares a day. The fund gained about 0.3% in the last trading session and has been down about 0.2% in the past month.
The big move is probably the result of upbeat investing sentiments globally. Still, fears of slowdown in several economies led investors turn to value ETFs.
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