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Europe and Precious Metals: 2 ETFs to Watch on Outsized Volume

Zacks Equity Research

In the last trading session, U.S. stocks fell on weak consumer spending data from the Commerce Department indicating sluggishness in the economy. As for the top ETFs, investors saw both SPY and QQQ lose 0.4% while DIA moved lower by 0.5% on the day.

Two more specialized ETFs are worth noting in particular as both saw trading volume 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 in the days ahead to see if this trend of extra-interest continues.

IEUR: Volume 5.0 times average

This Europe-focused ETF was in focus last Friday as around 512,800 shares moved hands on the day compared to an average of roughly 102,400 shares. We also saw some share price movement as shares of IEUR dipped 0.7% on October 30.

The movement can largely be blamed on investors’ move to cash in gains at the end of a bumper month for equities that we find in this ETF portfolio. For the past one month, IEUR was up 5.4%. It presently carries a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.

DBP: Volume 9.8 times average

This precious metals ETF was in the spotlight as roughly 232,000 shares moved hands last Friday compared to an average of roughly 23,600 shares. DBP fell 0.4% in the session.

The move can be attributed to Fed’s indication of an interest rate hike in its December meeting. DBP went up 3.2% in the past one month. It currently has a Zacks ETF Rank #3 with a High risk outlook.

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SPDR-SP 500 TR (SPY): ETF Research Reports
 
SPDR-DJ IND AVG (DIA): ETF Research Reports
 
NASDAQ-100 SHRS (QQQ): ETF Research Reports
 
ISHRS-MSCI EUR (IEUR): ETF Research Reports
 
PWRSH-DB P METL (DBP): ETF Research Reports
 
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