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Leveraged Semiconductor and TIPS: 2 ETFs to Watch on Outsized Volume
In the last trading session, U.S. stocks were mixed. Among the top ETFs, investors saw (SPY - Free Report) gain about 0.2%, (DIA - Free Report) lose about 0.07% and (QQQ - Free Report) move higher by 0.06% 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:
(USD - Free Report) : Volume 2.99 times average
This ultra semiconductor ETF was in the spotlight yesterday as nearly 14,500 shares moved hands compared with an average of roughly 4,900 shares a day. We also saw some price movement as USD gained nearly 2.8% last session.
The movement can largely be credited to upbeat fundamentals of several semiconductor stocks. USD was up 10% in the past one month.
(TIP - Free Report) : Volume 2.80 times average
This U.S. TIPS ETF was under the microscope yesterday as more than 3.91 million shares moved hands. This compares with an average trading day of around 1.40 million shares and came as TIP gained about 0.04% in the session. TIP, however, lost about 1.2% in the past one month.
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