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Leveraged Small-Cap and Inverse Leveraged Gold Miners: 2 ETFs to Watch on Outsized Volume
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In the last trading session, U.S. stocks were in the positive territory on upbeat tech earnings and hopes of coronavirus treatment from Gilead Sciences (GILD - Free Report) . Among the top ETFs, (SPY - Free Report) gained 2.6%, (DIA - Free Report) was up 2.2%, and (QQQ - Free Report) moved 3.6% higher 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 leveraged small-cap ETF was in the spotlight as around 2.68 million shares moved hands compared with an average 879,360 shares a day. We also saw great price movement as URTY added 14.3% in the last session.
The big move was largely the result of small-cap rally. The talks of reopening of the economy, super-dovish Fed, extension of the paycheck protection program and some forgivable loans supported the small-cap stocks lately. URTY has gained 59.1% over the past month.
This double-leveraged inverse gold mining ETF was under the microscope as 2.85 million shares moved hands. This compares with average trading volume of roughly 967, 300 shares and came as JDST lost 4.6% in the last trading session. Gold miners have delivered an upbeat performance lately thanks to the higher safe-demand for gold bullion, strong balance sheet and lower operating costs. This upbeat fundamental went against the inverse ETF. JDST lost 56.9% in a month’s time.
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Leveraged Small-Cap and Inverse Leveraged Gold Miners: 2 ETFs to Watch on Outsized Volume
In the last trading session, U.S. stocks were in the positive territory on upbeat tech earnings and hopes of coronavirus treatment from Gilead Sciences (GILD - Free Report) . Among the top ETFs, (SPY - Free Report) gained 2.6%, (DIA - Free Report) was up 2.2%, and (QQQ - Free Report) moved 3.6% higher 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.
(URTY - Free Report) : Volume 3.05 Times Average
This leveraged small-cap ETF was in the spotlight as around 2.68 million shares moved hands compared with an average 879,360 shares a day. We also saw great price movement as URTY added 14.3% in the last session.
The big move was largely the result of small-cap rally. The talks of reopening of the economy, super-dovish Fed, extension of the paycheck protection program and some forgivable loans supported the small-cap stocks lately. URTY has gained 59.1% over the past month.
(JDST - Free Report) : Volume 2.94 Times Average
This double-leveraged inverse gold mining ETF was under the microscope as 2.85 million shares moved hands. This compares with average trading volume of roughly 967, 300 shares and came as JDST lost 4.6% in the last trading session. Gold miners have delivered an upbeat performance lately thanks to the higher safe-demand for gold bullion, strong balance sheet and lower operating costs. This upbeat fundamental went against the inverse ETF. JDST lost 56.9% in a month’s time.
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 >>