In the last trading session, U.S. stocks slumped on the coronavirus fear. Among the top ETFs, investors saw (ASX:SPY) lost 4.3%, (TSXV:DIA) retreat 4.4%, and QQQ move 3.9% 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 ones to watch out for in the days ahead to see if this trend of extra-interest continues.
NUGT: Volume 3.01 Times Average
This leveraged gold miner’s ETF was in the spotlight as around 52.36 million shares moved hands compared with an average 17.76 million shares a day. We also saw some price movement as NUGT lost about 13.6% in the last session. The movement can largely be credited to the recent slump in the gold prices amid rising greenback. NUGT has shed 86.1% in a month’s time.
(F:AMLP) : Volume 3.59 Times Average
This MLP ETF was under the microscope as 119.2 million shares moved hands. This compares with average trading volume of roughly 34.43 million shares and came as AMLP added 10.2% in the trading session. AMLP has lost about 53.5% over the past month.
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SPDR S&P 500 ETF (NYSE:SPY): ETF Research Reports
Invesco QQQ (QQQ): ETF Research Reports
Alerian MLP ETF (AMLP): ETF Research Reports
SPDR Dow Jones Industrial Average ETF (NYSE:DIA): ETF Research Reports
Direxion Daily Gold Miners Index Bull 3x Shares (NUGT): ETF Research Reports
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Zacks Investment Research