U.S. markets closed
  • S&P 500

    4,246.44
    +21.65 (+0.51%)
     
  • Dow 30

    33,945.58
    +68.61 (+0.20%)
     
  • Nasdaq

    14,253.27
    +111.79 (+0.79%)
     
  • Russell 2000

    2,295.95
    +9.85 (+0.43%)
     
  • Crude Oil

    73.08
    -0.58 (-0.79%)
     
  • Gold

    1,778.90
    -4.00 (-0.22%)
     
  • Silver

    25.83
    -0.19 (-0.73%)
     
  • EUR/USD

    1.1943
    +0.0019 (+0.16%)
     
  • 10-Yr Bond

    1.4720
    -0.0120 (-0.81%)
     
  • GBP/USD

    1.3949
    +0.0016 (+0.11%)
     
  • USD/JPY

    110.6490
    +0.3510 (+0.32%)
     
  • BTC-USD

    32,272.89
    +592.78 (+1.87%)
     
  • CMC Crypto 200

    765.82
    -28.51 (-3.59%)
     
  • FTSE 100

    7,090.01
    +27.72 (+0.39%)
     
  • Nikkei 225

    28,884.13
    +873.20 (+3.12%)
     

U.S. Telecom and Canadian Dollar: 2 ETFs Trading with Outsized Volume

In the past trading session, the performance of U.S. stocks was mixed in what was overall a rocky session. For top ETFs, investors saw SPY lose 0.18%, DIA move down 0.6% while QQQ gained 0.16% on the day.


Two more specialized ETFs are worth noting in particular though as both saw trading volume that was far outside of normal. In fact, both of these funds experienced volume levels that were more than triple 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:


IYZ: Volume 4.4 times average.


This telecom ETF was in focus yesterday as roughly 2.70 million shares moved hands compared to an average of roughly 614,000. We also saw some share price movement as shares of IYZ gained 0.56% on the session.


The movement can largely be attributed to the talks of U.S. Federal Communications Commission (FCC) lifting the ban on companies engaging in merger talks and FCC’s 600 MHz auction results. For the month, IYZ is up 2.43%, while the fund currently has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.


FXC: Volume 3.28 times average.


This Canadian Dollar ETF was under the microscope yesterday as nearly 175,800 shares moved hands. This compares to an average trading day of 53,600 shares and it came as FXC lost 0.76% in the session.


The big move was largely the result of a continued fall in oil prices, a major export for this American neighbor.  U.S. oil prices fell nearly 4% to close at $50.28 per barrel. The Canadian dollar settled at $1.3480 to the greenback. FXC was down 0.99% in the past month.  If oil prices do not fall further, the the Canadian dollar is unlikely to witness downward movement. The fund currently has a Zacks ETF Rank #3 with a Medium risk outlook.


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
 
ISHARS-US TELE (IYZ): ETF Research Reports
 
CRYSHS-CDN DOLR (FXC): 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