We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties. You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies. In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Invesco QQQ (QQQ) - free report >>
SPDR S&P 500 ETF (SPY) - free report >>
SPDR Dow Jones Industrial Average ETF (DIA) - free report >>
Image: Bigstock
Quality & Micro-Cap: 2 ETFs to Watch for Outsized Volume
In the last trading session, Wall Street extended the losses from last week as rate hike concerns remained an overhang. Among the top ETFs, (SPY - Free Report) lost 0.7% and (DIA - Free Report) shed 0.6%, while (QQQ - Free Report) moved 1% 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 the ones to watch out for in the days ahead to see if this trend of extra-interest continues.
(QUAL - Free Report) : Volume 5.03 Times Average
This quality ETF was in the spotlight as around 6.4 million shares moved hands compared with an average of 1.3 million shares a day. We also saw some price movement as QUAL lost 1% in the last session.
The move was largely the result of investors’ flight to quality products amid the market turmoil that could have a big impact on quality ETFs like the ones we find in this ETF portfolio. QUAL has gained 1.3% over the past month.
(IWC - Free Report) : Volume 3.13 Times Average
This micro-cap ETF was under the microscope as nearly 116,000 shares moved hands. This compares with an average trading volume of roughly 39,000 shares and came as IWC shed 0.9% in the last trading session.
The movement can largely be blamed on a surge in dollar that has make micro caps compelling picks. IWC has gained 6.3% in a month’s time and has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.