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In the last trading session, U.S. stocks climbed as escalating trade dispute with the United States calmed after China’s President Xi Jinping promised to open the country’s economy further and lower import tariffs on products including cars. Among the top ETFs, investors saw (AX:SPY) gain 1.6%, (V:DIA) rise 1.7%, and QQQ move higher by 2.2% 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:
PXJ: Volume 5.14 times average
This energy ETF was in the spotlight yesterday as about 322,000 shares moved hands compared with an average of 66,000 shares a day. We also saw some price movement as PXJ gained nearly 5.9% in the last session.
The big move was largely the result of higher oil prices resulting from growing military action in Syria that could disrupt oil output and can have a huge impact on energy stocks like what we find in this ETF portfolio. PXJ has gained 0.6% in the past month and has a Zacks ETF Rank #5 (Strong Sell) with a High risk outlook.
ERUS: Volume 3.30 times average
This Russia ETF was under the microscope yesterday as nearly 1.9 million shares moved hands. This compares with an average trading day of roughly 590,000 shares and came as ERUS added about 1% in the trading session.
The movement can largely be blamed on a new round of sanctions that United States imposed on Russian entities and individuals, as well as escalating tensions in Syria. ERUS has shed nearly 16% in a month’s time and has a Zacks ETF Rank #3 (Hold) with a High 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
ISHARS-MS RUSSA (ERUS): ETF Research Reports
PWRSH-DYN OIL&G (PXJ): ETF Research Reports
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