In the last trading session, U.S. stocks were mostly in the red.Fed Vice Chairman Stanley Fischer’s hawkish comments regarding rate hike possibility in the coming months may have weighed on investor sentiments. Moreover, an oil price decline amid doubts over how successful an output freeze talk among producers would be in the upcoming meeting, also hampered market movement.
Among the top ETFs, investors saw SPY gain about 0.1%, DIA slip about 0.2% and QQQ shed about 0.03% on the day.
Two more specialized ETFs are worth noting in particular though as both saw trading volume that was far outside of normal. In fact, in the most recent trading session, both these funds experienced volume levels that were more than double their average. This could make these ETFs the ones to watch out for in the days ahead to see if this trend of extra interest continues:
PRN: Volume 4.66 times average
This industrial ETF was under the microscope on Friday as nearly 26,000 shares moved hands. This compares to an average trading volume of 5,600 shares and came as PRN gained over 0.4% in the session.
The movement can largely be credited to the impressive gain in industrial production for two consecutive months. This indicates that the industrial sector is gradually picking up momentum from its sluggish days. However, in the last one-month period, PRN was down about 0.7%. The fund has a Zacks ETF Rank #3 (Hold) with a High risk outlook.
RPG: Volume 3.44 times average
This large-cap growth ETF was in focus on Friday as roughly 437,800 shares moved hands compared with an average of roughly 127,280 shares.
With the U.S. economy showing signs of growth and dollar strength still contained, this large-cap growth ETF came in the spotlight. In the last one-month period, RPG was up about 0.7%. The fund has a Zacks ETF Rank #3 with a Medium risk outlook.
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SPDR-DJ IND AVG (DIA): ETF Research Reports
SPDR-SP 500 TR (SPY): ETF Research Reports
NASDAQ-100 SHRS (QQQ): ETF Research Reports
PWRSH-DW IND MO (PRN): ETF Research Reports
GUGG-SP 500 PG (RPG): ETF Research Reports
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