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Europe and Gold Miners Bear: 2 ETFs to Watch on Outsized Volume

In the last trading session, U.S. stocks fell due to weaker-than-expected retail sales and producer prices data in the U.S. As for the top ETFs, investors saw SPY lose 0.5%, DIA shed 0.9% and QQQ move lower by 0.2% on the day.

Two more specialized ETFs are worth noting in particular as both saw trading volume 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 in the days ahead to see if this trend of extra-interest continues.

DBEU :Volume 5.1 times average

This Europe-focused ETF was in focus yesterday as around 6.9 million shares moved hands on the day compared to an average of roughly 1.4 million shares. We also saw some share price movement as shares of DBEU declined 0.5% yesterday.

The movement can largely be blamed on weak Chinese inflation data leading to fresh worries about global economic slowdown. This impacted the European equities that we find in this ETF portfolio. For the past one month, DBEU was down 0.01% and it currently has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.

DUST :Volume 3.5 times average

This gold miners' bear ETF was in the spotlight as roughly 20.2 million shares moved hands yesterday compared to an average of roughly 5.8 million shares. DUST plunged a significant 18.8% in the session.

The move can be attributed to weak U.S. and Chinese economic data dampening the prospect of a near-term rate hike and leading to strong demand for gold and a rise in its prices. DUST nosedived 62.4% in the past one month.

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

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

NASDAQ-100 SHRS (QQQ): ETF Research Reports

DEUTS-XT MS EUR (DBEU): ETF Research Reports

DIR-D GM BR 3X (DUST): 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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