We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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.
Natural Gas and Energy: 2 ETFs to Watch on Outsized Volume
Read MoreHide Full Article
In the last trading session, the U.S. stocks saw rocky trading as Apple (AAPL - Free Report) slipped into bear territory and oil price extended its worst rout. Notably, Dow Jones Industrial Average logged its longest losing streak in three months. Among the top ETFs, investors saw (SPY - Free Report) lost 0.7%, (DIA - Free Report) shed 0.8% and QQQ move lower by 0.8% 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:
This natural gas ETF was in the spotlight yesterday as more than 43.1 million shares moved hands compared with an average of 3.9 million shares a day. We also saw some price movement as UNG surged 18.9% in the last session.
The movement can largely be blamed on a surge natural gas price. Cold weather increases fuel demand for heating purpose, thereby leading to higher natural gas consumption. UNG has soared 50.9% in a month’s time.
This energy ETF was under the microscope yesterday as 227,000 shares moved hands. This compares with an average trading day of roughly 37,000 shares and came as PXE was flat in the trading session.
The big move was largely the result of falling crude prices that can have a big impact on stocks like what we find in this ETF portfolio. PXE has lost 15.5% over the past month and has a Zacks ETF Rank #3 (Hold) with a High risk outlook.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Natural Gas and Energy: 2 ETFs to Watch on Outsized Volume
In the last trading session, the U.S. stocks saw rocky trading as Apple (AAPL - Free Report) slipped into bear territory and oil price extended its worst rout. Notably, Dow Jones Industrial Average logged its longest losing streak in three months. Among the top ETFs, investors saw (SPY - Free Report) lost 0.7%, (DIA - Free Report) shed 0.8% and QQQ move lower by 0.8% 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:
(UNG - Free Report) : Volume 13.32 Times Average
This natural gas ETF was in the spotlight yesterday as more than 43.1 million shares moved hands compared with an average of 3.9 million shares a day. We also saw some price movement as UNG surged 18.9% in the last session.
The movement can largely be blamed on a surge natural gas price. Cold weather increases fuel demand for heating purpose, thereby leading to higher natural gas consumption. UNG has soared 50.9% in a month’s time.
(PXE - Free Report) : Volume 6.67 Times Average
This energy ETF was under the microscope yesterday as 227,000 shares moved hands. This compares with an average trading day of roughly 37,000 shares and came as PXE was flat in the trading session.
The big move was largely the result of falling crude prices that can have a big impact on stocks like what we find in this ETF portfolio. PXE has lost 15.5% over the past month and has a Zacks ETF Rank #3 (Hold) with a High risk outlook.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>