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.
Broader Equity Market and Dividend: 2 ETFs to Watch on Outsized Volume
Read MoreHide Full Article
In the last trading session, U.S. stocks were in the green with the start of the Santa Claus rally on the back of upbeat holiday shooing data and an oil price jump. Among the top ETFs, investors saw (SPY - Free Report) adding about 4.96%, (DIA - Free Report) gaining about 4.98% and (QQQ - Free Report) move higher by 5.84% on the day.
Two more specialized ETFs are also worth watching 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 of the last trading session. This could make these ETFs ones to watch out for in the days ahead to see if this trend of extra-interest continues.
ITOT: Volume 3.62 times average
This all-cap blend U.S. equity ETF was under the microscope yesterday as about 9.38 million shares changed hands. This compares to the average trading volume of around 2.59 million shares and came as ITOT gained about 4.79% in the session. A broader equity market jump led to this outsized volume. The fund has lost about 8.8% in the past one month.
VYM: Volume 3.73 times average
This U.S. ETF, consisting of stocks of companies that payout dividends that generally are higher than average, was in the spotlight yesterday as 5.90 million shares moved hands compared with an average of roughly 1.58 million shares a day. The fund added about 4% in the last trading session and has been down about 9% in the past one month.
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
Broader Equity Market and Dividend: 2 ETFs to Watch on Outsized Volume
In the last trading session, U.S. stocks were in the green with the start of the Santa Claus rally on the back of upbeat holiday shooing data and an oil price jump. Among the top ETFs, investors saw (SPY - Free Report) adding about 4.96%, (DIA - Free Report) gaining about 4.98% and (QQQ - Free Report) move higher by 5.84% on the day.
Two more specialized ETFs are also worth watching 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 of the last trading session. This could make these ETFs ones to watch out for in the days ahead to see if this trend of extra-interest continues.
ITOT: Volume 3.62 times average
This all-cap blend U.S. equity ETF was under the microscope yesterday as about 9.38 million shares changed hands. This compares to the average trading volume of around 2.59 million shares and came as ITOT gained about 4.79% in the session. A broader equity market jump led to this outsized volume. The fund has lost about 8.8% in the past one month.
VYM: Volume 3.73 times average
This U.S. ETF, consisting of stocks of companies that payout dividends that generally are higher than average, was in the spotlight yesterday as 5.90 million shares moved hands compared with an average of roughly 1.58 million shares a day. The fund added about 4% in the last trading session and has been down about 9% in the past one month.
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 >