Emerging Markets & Leveraged India: 2 ETFs to Watch on Outsized Volume
In the last trading session, U.S. stocks continued to see rough trading on renewed trade tensions and Trump’s Huawei ban. Among the top ETFs, investors saw SPY shed 0.7%, DIA lose 0.3%, and QQQ move 1.7% lower 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.
TLTE: Volume 4.45 Times Average
This emerging markets ETF was in the spotlight as around 155,600 shares moved hands compared with an average 35,000 shares a day. We also saw some price movement as TLTE lost 10.5% in the last session.
The movement can largely be blamed on renewed trade tensions that sent emerging market stocks into a tailspin. TLTE has shed 10.5% in a month’s time.
INDL:Volume 2.66 Times Average
This leveraged India ETF was under the microscope as 222, 385 shares moved hands. This compares with average trading volume of roughly 41,300 shares and came as INDL gained 12.7% in the trading session.
The big move was largely the result of higher chances of prime minister Narendra Modi’s Bharatiya Janata Party (BJP) winning the general election for the second term. Modi’s government is viewed as investor-friendly. INDL has lost 0.8% over the past month.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>
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
SPDR Dow Jones Industrial Average ETF (DIA): ETF Research Reports
Invesco QQQ (QQQ): ETF Research Reports
SPDR S&P 500 ETF (SPY): ETF Research Reports
FlexShares Morningstar Emerging Markets Factor Tilt Index Fund (TLTE): 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
