In the last trading session, U.S. stocks dipped on disappointing factory data for September in the U.S. and China, leading to losses in materials and energy shares. As for the top ETFs, investors saw both SPY and DIA lose 0.2%, while QQQ moved higher by 0.1% 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:
SPHD : Volume 3.8 times average
This S&P 500 High Dividend ETF was in focus yesterday as roughly 599,000 shares moved hands on the day compared to an average of roughly 158,000 shares. We also saw some share price movement as shares of SPHD rose 0.1% yesterday.
The movement can largely be attributed to investors flocking toward large cap value stocks amid global growth concerns. For the past one month, SPHD went up 1%.
GNR : Volume 3.6 times average
This S&P Global Natural Resources ETF was in the spotlight as roughly 553,000 shares moved hands yesterday compared to an average of roughly 154,000 shares. GNR dropped 1.6% in the session.
The move can be largely blamed on the sustained decline in crude oil prices and sluggish manufacturing growth in the U.S. affecting the energy and materials shares that we find in this ETF portfolio. GNR slid 2.7% in the past one month.
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