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Earnings and Short-Term Treasury: 2 ETFs to Watch on Outsized Volume

Sweta Killa
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In the last trading session, U.S. stocks rose as rounds of positive economic data overshadowed the ongoing political uncertainty. Among the top ETFs, investors saw SPY gain 0.1%, DIA rise 0.2%, but QQQ move lower by 0.3% 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:

EES: Volume 7.15 times average

This earnings-weighted ETF was in the spotlight yesterday as more than 425,000 shares moved hands compared with an average of 66,000 shares a day. We also saw some price movement as EES gained nearly 1.04% last session.

The big move was largely the result of trade war fears and strong corporate earnings in the small-cap space that can have a big impact on pint-sized stocks like what we find in this ETF portfolio. EES has risen 2.3% in the past one month and has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.

SHV: Volume 3.72 times average

This ultra-short Treasury ETF was under the microscope yesterday as nearly 3.9 million shares moved hands. This compares with an average trading day of roughly 1.1 million shares and came as SHV added about 0.03% in the trading session.

The movement can largely be blamed on a sharp rise in Treasury yields that led to investors’ flight to cushion against rising rates. SHV was up 0.09% in a month’s time and has a Zacks ETF Rank #3 with a Medium risk outlook.

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SPDR-DJ IND AVG (DIA): ETF Research Reports
NASDAQ-100 SHRS (QQQ): ETF Research Reports
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ISHARS-SH TB (SHV): ETF Research Reports
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