In the last trading session, U.S. stocks were mixed after rallying hard on Apr 6. Among the top ETFs, SPY gained 0.12%, DIA was up 0.7%, and QQQ moved 0.04% lower 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.
QUAL: Volume 3.80 Times Average
This quality ETF was in the spotlight as around 7.88 million shares moved hands compared with an average 2.08 million shares a day. We also saw great price movement as QUAL added 0.3% in the last session.
The big move was largely the result of hopes of virus containment. QUAL has lost 9.3% over the past month.
IHI: Volume 2.69 Times Average
This medical devices ETF was under the microscope as 990,998 shares moved hands. This compares with average trading volume of roughly 367,920 shares and came as IHI lost 0.9% in the last trading session. IHI lost 6.2% in a month’s time and has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.
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Click to get this free report SPDR S&P 500 ETF (SPY): ETF Research Reports Invesco QQQ (QQQ): ETF Research Reports SPDR Dow Jones Industrial Average ETF (DIA): ETF Research Reports iShares U.S. Medical Devices ETF (IHI): ETF Research Reports iShares Edge MSCI USA Quality Factor ETF (QUAL): 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