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Asia-Pacific & Junk Bond: Two ETFs Trading with Outsized Volume

In the last trading session, the U.S. stocks were in green, receiving a boost from the sub-par U.S. job data as it signaled a delayed Fed lift-off. Hopes for a few more days of cheap money inflows perked up U.S. stocks in recent sessions. Previous speculations of the Fed enacting a lift-off in the December meeting are hardly valid now and have shifted back to sometime early next year. Among the top ETFs, investors saw SPY gain over 1.7%, DIA add over 1.8% and QQQ move higher by about 1.4% on the day.

Two more specialized ETFs are worth noting in particular though 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 ones to watch out for in the days ahead to see if this trend of extra interest continues:

AIA : Volume 4.04 times average

This Asia-Pacific ETF was in focus yesterday as roughly 228,000 shares moved hands compared to an average of roughly 56,000 shares. We also saw some stock price movement as shares of AIA added over 1.9% yesterday.

The recent correction after the China-induced sell-off and the recent Fed-oriented optimism gave the Asian stocks the nice bounce. The fund has a Zacks ETF Rank #3 (Hold). However, for the month, AIA is up about 3.2%.

JNK : Volume 2.93 times average

This intermediate-term U.S. junk bond ETF was under the microscope yesterday as nearly 26.8 million shares moved hands. This compares to an average trading day of 9.14 million shares and came as JNK returned 1.1% in the session.

The movement can largely be attributed to a drop in longer-term Treasury bond yields post the somber job data. This in turn brightened the appeal for high-yield investing instruments like junk bonds like what we find in this ETF's portfolio. However, the fund has a Zacks ETF Rank #4 (Sell). For the month, JNK is down about 3.6%.

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ISHARS-ASIA 50 (AIA): ETF Research Reports

SPDR-BC HY BD (JNK): ETF Research Reports

SPDR-SP 500 TR (SPY): ETF Research Reports

SPDR-DJ IND AVG (DIA): ETF Research Reports

NASDAQ-100 SHRS (QQQ): ETF Research Reports

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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