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Bank and Earnings Focused: 2 ETFs to Watch on Outsized Volume

Sweta Killa
Despite catastrophe loss, Allstate (ALL) should be able to post profitable results in 2018.

In the last trading session, geopolitics and global market sell-off pushed U.S. stocks lower. Among the top ETFs, investors saw SPY and DIA lose 0.5% each and QQQ move lower by 0.4% 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 the ones to watch out for in the days ahead to see if this trend of extra-interest continues:

KBWB: Volume 7.62 Times Average

This bank ETF was in the spotlight yesterday as nearly 2.6 million shares moved hands compared with an average of 369,000 shares a day. We also saw some price movement as KBWB lost nearly 0.3% in the last session.

The big move was largely the result of volatility in the mid-term election, wherein polls suggest Democratic-controlled House and Republican-majority Senate. This can have a big impact on bank stocks like what we find in this ETF portfolio. KBWB has lost 11.8% in the past month and has a Zacks ETF Rank #3 (Hold) with a High risk outlook.

EPS: Volume 6.98 Times Average

This earnings-focused ETF was under the microscope yesterday as 169,000 shares moved hands. This compares with an average trading day of roughly 27,000 shares and came as EPS shed about 0.5% in the trading session.

The movement can largely be blamed on the deluge of earnings. EPS was down 6.2% in a month’s time and has a Zacks ETF Rank #3 with a Medium risk outlook.

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