U.S. Markets open in 8 hrs 48 mins

Leveraged Technology & Oil: 2 ETFs to Watch on Outsized Volumes

Weak Job Addition in Private Sector

In the last trading session, U.S. stocks were in the red. Among the top ETFs, investors saw SPY, DIA and QQQ shed about 1.8%, 2.2% and 1.8%, respectively, 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:

ROM: Volume 3.91 Times Average

This leveraged technology ETF was in the spotlight yesterday as nearly 364,056 shares moved hands compared with an average of 93,000 shares a day. We also saw considerable price movement as ROM lost about 3.3% in the last session.

The big move was largely the result of the mounting selloffs in the tech space owing to rising rate concerns, U.S.-Sino trade war and downbeat earnings and production reports from sector some biggies. ROM has lost 7.5% past month.

USO: Volume 3.16 Times Average

This WTI crude oil ETF was under the microscope yesterday as about 71.98 million shares moved hands. This compares with an average trading day of roughly 22.78 million shares and came as USO shed about 7.2% in the trading session.

Concerns about rising output amid softer-than-expected U.S. sanctions on Iran and falling demand from global growth worries weighed on oil prices. The fund was down about 23.5% in a month’s time.

Want key ETF info delivered straight to your inbox?

Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
SPDR-DJ IND AVG (DIA): ETF Research Reports
 
US-OIL FUND LP (USO): ETF Research Reports
 
SPDR-SP 500 TR (SPY): ETF Research Reports
 
NASDAQ-100 SHRS (QQQ): ETF Research Reports
 
PRO-ULT TECH (ROM): ETF Research Reports
 
To read this article on Zacks.com click here.
 
Zacks Investment Research
 
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report