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Energy and Health Care: 2 ETFs to Watch on Outsized Volume

Sweta Killa

In the last trading session, the U.S. stocks managed to hold onto gains heading into the earnings season. Among the top ETFs, investors saw SPY gain 0.8%, DIA rise 0.7% and QQQ move higher by 0.6% 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 ones to watch out for in the days ahead to see if this trend of extra-interest continues:


DBE: Volume 6.45 times average


This energy ETF was in focus yesterday as about 343,000 shares moved hands compared with an average of more than 57,000 shares. We also saw some price movement as DBE shed 1.2% in the last session.


The big move was largely the result of the bearish weekly inventory data that snapped the three-day rally in oil. In the past one-month period, DBE was up nearly 1.1%.


FHLC: Volume 5.08 times average


This health care ETF was under the microscope yesterday as about 1.5 million shares moved hands. This compares with an average trading day of around 308,000 shares and came as FHLC gained 1.4% in the session.


The movement can largely be blamed on the return of investors’ fondness for the health care stocks after a sell-off in the previous day that could have a huge impact on the stocks like what we find in this ETF portfolio. FHLC was down 2.5% in the past one month and currently has a Zacks ETF Rank of 3 or ‘Hold’ rating with a Medium risk outlook.


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PWRSH-DB EGY FD (DBE): ETF Research Reports
 
FID-H CARE (FHLC): ETF Research Reports
 
SPDR-SP 500 TR (SPY): ETF Research Reports
 
SPDR-DJ IND AVG (DIA): ETF Research Reports
 
NASDAQ-100 SHRS (QQQ): ETF Research Reports
 
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