Yen And Energy: 2 ETFs To Watch On Outsized Volume

In the last trading session, U.S. stocks ended in the green after dismal ISM Services Index lowered the chances of a rate hike in the September policy meeting. Strong gains in energy stocks also boosted benchmarks. Among the top ETFs, investors saw (AX:SPY) gain about 0.4%, (V:DIA) add about 0.3% and QQQ advance about 0.6% 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, in the most recent trading session, both these funds experienced volume levels that were more than double their average. This could make these ETFs the ones to watch out for in the days ahead to see if this trend of extra interest continues:

FXY: Volume 3.7 times average

This Yen ETF was under the microscope on Tuesday as nearly 832,302 shares moved hands. This compares to an average trading volume of 224,830 shares and came as FXY lost about 2% in the session.

Surge in Yen against the U.S. dollar played a major role in boosting the ETF yesterday. Decrease in rate-hike speculations following release of disappointing ISM Services Index led the dollar to weaken against major currencies. In the last one-month period, FXY increased nearly 0.4%. The fund has a Zacks ETF Rank #3 (Hold).

IXC: Volume 3.47 times average

This energy ETF was in focus yesterday as roughly 598,270 shares moved hands compared with an average of roughly 172,610 shares. IXC rose about 1.3% on the day.

The announcement of a $28 billion acquisition deal between Enbridge and Spectra Energy (NYSE:SE) led the energy sector to register healthy gains yesterday, which in turn boosted the energy ETF. In the last one-month period, IXC was up 2.4%. The fund has a Zacks ETF Rank #3.

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