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China and Europe: 2 ETFs Trading with Outsized Volume

Zacks Equity Research

In the past trading session, the performance of U.S. stocks was mixed in what was overall a rocky session. For top ETFs, investors saw SPY gain 0.81%, DIA gain 0.91% and QQQ gained 0.84% 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 of these funds experienced volume levels that were more than triple 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:


PGJ: Volume 3.49 times average.


This China ETF was under the microscope yesterday as nearly 32,400 shares moved hands. This compares to an average trading day of 9,300 shares and it came as PGJ gained 1.14% in the session.


The significant rise in volume was largely the result of increased volatility and a slight recovery in stock prices, after a four-day losing streak. Moreover, investors are fleeing small-cap stocks and looking for investments in healthcare and other defensive sectors for stable returns amid increased tensions of a tighter regulatory environment. For the month, PGJ is up 3.47%. The fund currently has a Zacks ETF Rank #4 (Sell) with a High risk outlook.


FEZ: Volume 3.7 times average.


This Europe ETF was in focus yesterday as roughly 9.70 million shares moved hands compared to an average of roughly 2.62 million. We also saw some share price movement as shares of FEZ gained 1.83% in the session.


This can largely be attributed to the market movements due to the French presidential election wherein Emmanuel Macron appears to be leading. Investors are confident as they feel the former finance minister is suitable for the nation’s top job. The CAC 40 FCHI jumped 1.5%. For the month, FEZ is up 0.03%, while the fund currently has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.


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PWRSH-GL DR HA (PGJ): ETF Research Reports
 
SPDR-EU STX 50 (FEZ): ETF Research Reports
 
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