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Gold & Financials: 2 ETFs Trading with Outsized Volume

In the last trading session, the U.S. stocks were in the red. Ongoing concerns in the global market, especially in the banking sector, and a fresh decline in oil prices weighed on investors' sentiments. Among the top ETFs, investors saw SPY shed about 1.3%, DIA lose about 1.6% and QQQ move down by about 0.1% 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, in the most recent trading session, both these funds experienced volume levels that were more than double their average. This could make these ETFs ones to watch out for in the days ahead to see if this trend of extra interest continues:

IAU : Volume 3.78 times average

This gold bullion ETF was in focus on Thursday as roughly 31.5 million shares moved hands compared with an average of roughly 8.32 million shares. We also saw some stock price movement as IAU gained about 4.3%.

The movement can largely be credited to renewed interest in gold investing amid broad-based volatility in the market and investors' inclination toward safe-haven assets like gold. Thanks to the flight to safety, gold hit a one-year high on Thursday. In the last one-month period, IAU was up 14.4%. The fund carries a Zacks ETF Rank #3 (Hold).

IYG : Volume 3.02 times average

This U.S. financial services ETF was under the microscope yesterday as nearly 406,000 shares moved hands. This compares to an average trading volume of 134,470 shares and came as IYG lost about 3.5% in the session.

The movement can largely be blamed on the recent rout in the global financial sector and global growth worries. In the last one-month period, IYG was down over 14%. The fund has a Zacks ETF Rank #3.

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ISHARS-GOLD TR (IAU): ETF Research Reports

ISHARS-US FN SV (IYG): 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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