U.S. Markets closed

Preferred ETF and Commodity: 2 ETFs to Watch on Outsized Volume

Sanghamitra Saha
Community Bank (CBU) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

In the last trading session, U.S. stocks were mixed. Among the top ETFs, investors saw SPY and QQQ gaining about 0.1% and 0.7%, respectively, while DIA move lower by 0.1% on the day.

Two more specialized ETFs are also worth watching 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 of the last 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.

PGF: Volume 4.06 times average

This financial preferred ETF was under the microscope yesterday as about 3.25 million shares changed hands. This compares to the average trading volume of around 800,000 shares and came as PGF gained about 0.7% in the session.

The big move was probably the result of investors’ demand for higher yield. The fund has added about 4.7% in the past one month.

DBC: Volume 2.87 times average

This broad commodity ETF was in the spotlight yesterday as nearly 6.45 million shares moved hands compared with an average of roughly 2.25 million shares a day. The fund gained about 0.3% in the last trading session.

The movement can largely be credit to the rise in crude prices amid speculation that the United States may pose strict sanctions against Venezuela’s energy sector. Since the fund is heavy on crude, it saw solid trading volume. For the month, DBC is down about 5.2%.

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 Dow Jones Industrial Average ETF (DIA): ETF Research Reports
 
Invesco Financial Preferred ETF (PGF): ETF Research Reports
 
Invesco DB Commodity Index Tracking Fund (DBC): ETF Research Reports
 
SPDR S&P 500 ETF (SPY): ETF Research Reports
 
Invesco QQQ (QQQ): 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