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Healthcare and UK: Two ETFs Trading with Outsized Volume

The major U.S. benchmarks ended mostly in the red on Wednesday following Apple's dismal fiscal fourth quarter earnings results. Apple notched its biggest daily percentage loss since Sept. 9. However, strong gains in Boeing helped the Dow to end in the green, offsetting Apple's decline. Among the top ETFs, investors saw SPY nearly gain 0.2%, DIA rise nearly 0.3% and QQQ fall about 0.7% 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 the ones to watch out for in the days ahead to see if this trend of extra interest continues:

PSCH : Volume 3.28 times average

This small cap healthcare ETF tracking the S&P SmallCap 600 Capped Health Care Index was in focus yesterday as roughly 41,596 shares moved hands compared with an average of roughly 13,270 shares. PSCH declined over 1.9% on the day.

Decline in shares of Edwards Lifesciences, which was the biggest loser among the S&P 500 companies, following its mixed third quarter earnings performance, had a negative impact on the healthcare sector, which in turn led to the decline in this ETF. Shares of Edwards Lifesciences plunged 17.1% after its earnings came in line with estimates and missed the same on revenues. In the last one-month period, PSCH was down 7.9%.

FKU : Volume 4.75 times average

This UK ETF was under the microscope on Wednesday as nearly 59,083 shares moved hands. This compares to an average trading volume of 13,260 shares and came as FKU lost 0.8% in the session.

Decline in bank and mining stocks following disappointing earnings performances led UK stocks to end in the red yesterday. This in turn had a negative impact on this ETF that comprises companies based in UK. In the last one-month period, FKU lost nearly 6.8%.

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

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

NASDAQ-100 SHRS (QQQ): ETF Research Reports

FT-UTD KINGDOM (FKU): ETF Research Reports

PWRSH-SP SC HCP (PSCH): 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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