In the last trading session, U.S. stocks rose on renewed hopes of U.S. tax reform and easing geopolitical tensions. Among the top ETFs, investors saw (AX:SPY) gain 1%, (V:DIA) rise 0.9%, and QQQ move higher by 1.5% 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:
SCHD: Volume 4.82 times average
This dividend ETF was in the spotlight yesterday as nearly 2.3 million shares moved hands compared with an average of more than 476,000 shares a day. We also saw some price movement as SCHD added nearly 0.6% last session.
The big move was largely the result of increasing demand for defensive assets that can have a big impact on dividend stocks like what we find in this ETF portfolio. SCHD added 0.3% in the past one month and has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook.
(V:VONE) : Volume 3.11 times average
This large cap ETF was under the microscope yesterday as nearly 55,000 shares moved hands. This compares with an average trading day of roughly 18,000 shares and came as VONE gained about 1% in the trading session.
The movement can largely be blamed on good piece of news. VONE was down 0.8% in a month’s time and has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.
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SPDR-DJ IND AVG (DIA): ETF Research Reports
NASDAQ-100 SHRS (QQQ): ETF Research Reports
SPDR-SP 500 TR (SPY (NYSE:SPY)): ETF Research Reports
VANGD-RUS 1000 (VONE): ETF Research Reports
SCHWAB-US DV EQ (SCHD): ETF Research Reports
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Zacks Investment Research