Credit: Shutterstock photoIn the last trading session, the U.S. stocks extended their four-day decline and witnessed the biggest weekly loss in months. Among the top ETFs, investors saw SPY lose 1%, DIA shed 3.7% 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 ones to watch out for in the days ahead to see if this trend of extra-interest continues:
PALL : Volume 3.6 times average
This palladium ETF was in focus yesterday as about 99,000 shares moved hands compared to an average of roughly 29,000 shares. We also saw some price movement as PALL gained 1.6% in the past session.
The big move was largely the result of increasing volatility in the stock market that has increased appeal for precious metals. For the past one-month period, PALL was down nearly 8%. The fund currently has a Zacks ETF Rank #3 (Hold).
SLYV : Volume 2.4 times average
This small cap value ETF was under the microscope yesterday as more than 41,000 shares moved hands. This compares to an average trading day of less than 18,000 shares and came as SLYV lost 1.4% in the session.
The movement can largely be blamed on the surprise decline in U.S. new home sales number, which can have a huge impact on small cap stocks like the ones we find in this ETF portfolio. SLYV was down 6.6% in the past month and currently has a Zacks ETF Rank #3.
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ETFS-PALLADIUM (PALL): ETF Research Reports
SPDR-SP6 SC VL (SLYV): ETF Research Reports
SPDR-SP 500 TR (SPY): ETF Research Reports
NASDAQ-100 SHRS (QQQ): ETF Research Reports
SPDR-DJ IND AVG (DIA): ETF Research Reports
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
