Credit: Shutterstock photoIn the past trading session, U.S. stocks were in green as the Fed did not go for a policy tightening in its latest July meeting. Among the top ETFs, investors saw SPY gain 0.7%, DIA inch up around 0.7% and QQQ move higher by nearly 0.4% on the day.
Two more specialized ETFs are worth noting in particular though 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 in the days ahead to see if this trend of extra-interest continues:
GLTR : Volume 3.56 times average
This broader precious metal ETF was in focus yesterday as roughly 77,400 shares moved hands compared to an average of roughly 22,700 shares. We also saw some stock price movement as shares of GLTR added 0.4% yesterday.
Yesterday's move was largely the result of the Fed's no imminent rate hike decision in its July meeting. Some market participants shifted back the timeline of a lift-off to December which probably had a big impact on precious metals like what we find in this ETF's portfolio. For the month, GLTR is down 6.4% and has a Zacks ETF Rank #3 (Hold).
FCG : Volume 3.37 times average
This natural gas exploration and production ETF was under the microscope yesterday as nearly 2.98 million shares moved hands. This compares to an average trading day of 884,000 shares and it came as FCG gained over 3.2% on the session.
The big move yesterday can be attributed to higher natural gas prices caused by the forecast for warmer temperature. Higher-than-normal temperature should result in increased usage of air conditioning. FCG was down over 22% in the past month and the fund currently has a Zacks ETF Rank #4 (Sell).
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ETFS-PH PRC MTL (GLTR): ETF Research Reports
FT-ISE R NAT GA (FCG): ETF Research Reports
SPDR-SP 500 TR (SPY): ETF Research Reports
SPDR-DJ IND AVG (DIA): ETF Research Reports
NASDAQ-100 SHRS (QQQ): 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.
