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Bear U.S. Real Estate & Euro:Two ETFs Trading with Outsized Volume

Zacks Equity Research

In the last trading session, U.S. stocks delivered a mixed performance, on a combination of factors including the sooner-than-expected rate hike prospect in the U.S., technology sector strength and the impact of the current earnings releases. Among the top ETFs, investors saw SPY lose about 0.5%, but DIA and QQQ move higher by about 0.3% and 0.1%, respectively, 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 out for in the days ahead to see if this trend of extra interest continues:


DRV: Volume 3.83 times average


This inverse leveraged real estate ETF was under the microscope on Friday as nearly 165,400 shares moved hands. This compares to an average trading volume of 43,230 shares and came as DRV gained over 9.2% in the session.


The movement can largely be attributed to the return of the speculations about the Fed rate hike in December especially after the Fed indication in its October meeting and bumper October job data. This threatened an interest rate sensitive sector like real estate. In the last one-month period, DRV was down about 1.1%.


EUO: Volume 3.00 times average


This ultra-short Euro currency ETF was in focus on Friday as roughly 2.2 million shares moved hands compared to an average of roughly 726,800 shares. We also saw some stock price movement as shares of EUO added about 2.5% on Friday.


The fund shot up following the greenback strength on the buoyed-up December Fed rate hike bet. Moreover, talks about further policy easing in the Euro zone favored the fund in recent sessions. In the last one-month period, EUO was up over 9%.


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DIR-D RE BEAR3X (DRV): ETF Research Reports
 
PRO-ULS EURO (EUO): ETF Research Reports
 
SPDR-DJ IND AVG (DIA): ETF Research Reports
 
NASDAQ-100 SHRS (QQQ): ETF Research Reports
 
SPDR-SP 500 TR (SPY): ETF Research Reports
 
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