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Energy and Developed Market: 2 ETFs to Watch on Outsized Volume

Sweta Killa

The last trading session has been rocky for U.S. stocks. Among the top ETFs, investors saw SPY and DIA lose 0.7% while QQQ moved lower by 0.9% 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:

PXE: Volume 3.87 times average

This energy ETF was in focus yesterday as around 175,000 shares moved hands compared with an average of roughly 47,000 shares a day. We also saw some price movement as PXE lost nearly 1.5% last session.

The movement can largely be blamed on sliding oil price that can have a big impact on energy stocks like what we find in this ETF portfolio. PXE was down 18.8% over the past one month and currently has a Zacks ETF Rank of 4 or ‘Sell’ rating with a High risk outlook.

PIZ: Volume 3.34 times average

This developed market ETF was under the microscope yesterday as around 207,000 shares moved hands. This compares with an average trading day of around 64,000 shares and came as PIZ shed 0.4% in the session.

The big move was largely the result of diverging monetary policies in the U.S. and the rest of the developed world. PIZ was up nearly 2% in the past one month.

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PWRSH-DYN ENRG (PXE): ETF Research Reports
 
PWRSH-DWA DV MK (PIZ): ETF Research Reports
 
SPDR-SP 500 TR (SPY): ETF Research Reports
 
NASDAQ-100 SHRS (QQQ): ETF Research Reports
 
SPDR-DJ IND AVG (DIA): ETF Research Reports
 
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