Solar & Emerging Market: 2 ETFs Trading with Outsized Volume

In the last trading session, U.S. stocks were in the green. Already-anticipated first Fed rate hike of 25 bps did not unsettle the stocks much. Among the top ETFs, investors saw SPY and QQQ gain 1.5% and DIA move higher by over 1.2% 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, in the most recent trading session, both these funds experienced volume levels that were more than double their average. This could make these ETFs ones to watch out for in the days ahead to see if this trend of extra interest continues:

TAN: Volume 4.86 times average

This solar ETF was under the microscope yesterday as nearly 877,800 shares moved hands. This compares to an average trading volume of 180,800 shares.  We also saw some great stock price movement as TAN gained about 9%.

The movement was due to the extension in solar tax credits. The tax credits for new projects of solar panels boosted solar stocks and the related ETF. In the last one-month period, TAN was up about 22.5%. The fund has a Zacks ETF Rank #4 (Sell).

PIE: Volume 3.78 times average

This emerging market ETF was in focus on Wednesday as roughly 385,000 shares moved hands compared to an average of roughly 101,400 shares. We also saw some stock price movement as PIE added about 1.3%.

The movement can largely be credited to the prospect of a slower rate hike trail by the Fed which was enacted yesterday, giving a fresh lease of life to most emerging market securities. In the last one-month period, PIE was down 3.2%. The fund carries a Zacks ETF Rank #3 (Hold).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
 


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
GUGG-SOLAR (TAN): ETF Research Reports
 
PWRSH-DWA EM MK (PIE): 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
 
To read this article on Zacks.com click here.
 
Zacks Investment Research
 
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report