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Large-Cap Value and MLP: 2 ETFs to Watch on Outsized Volume

Zacks Equity Research

In the last trading session, U.S. stocks remained broadly flat, while volume was low ahead of the holiday weekend. Among the top ETFs, investors saw SPY gain 0.15%, DIA rise 0.04% and QQQ increase 0.07% 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:

VONV: Volume 8.05 times average

This U.S. large-cap value ETF was in focus in last trading session as roughly 315,000 shares moved hands compared to an average of roughly 39,000 shares. We also saw some stock price movement as VONV gained 0.2%.

The movement can largely be attributed to risk-on trade sentiment brought on by the President-elect’s promise to introduce a burst of stimulus by increasing infrastructure spending package, easing regulations and tax cuts with an aim of accelerating economic growth and creating more jobs in the country. VONV was up 3.8% in the past one month and has a Zacks ETF Rank of 2 or ‘Buy’ rating with a Medium risk outlook.

IMLP: Volume 4.95 times average

This MLP ETF was under the microscope in the last trading session as around 115,000 shares moved hands. This compares with an average trading day of around 23,000 shares and came as IMLP lost almost 0.9% in the session.

The movement can largely be attributed to a rise in oil prices that can have a big impact on MLP stocks like what we find in this ETF portfolio. IMLP remained unchanged in the past one month.

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