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REIT and Currency Hedged: 2 ETFs to Watch for Outsized Volume

In the last trading session, Wall Street continued its second day of rally on bouts of strong earnings reports. Among the top ETFs, SPY gained 1.2% and DIA added 1.1%, while QQQ moved 0.8% up 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.

ICF: Volume 5.75 Times Average

This REIT ETF was in the spotlight as around 322,000 shares moved hands compared with an average of 205,000 shares a day. We also saw some price movement as ICF gained 1.1% in the last session.

The move was largely the result of rising shelter cost that could have a big impact on REIT ETFs like the ones we find in this ETF portfolio. ICF has declined 11% over the past month and has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook.

DXJ: Volume 3.85 Times Average

This Japan currency-hedged ETF was under the microscope as nearly 1.2 million shares moved hands. This compared with an average trading volume of roughly 528,000 shares and came as DXJ shed 0.4% in the last trading session.

The movement can largely be blamed on a rising dollar, and a falling yen that have raised the appeal for currency hedged ETFs. DXJ has plunged 1.1% in a month’s time and has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.


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