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Intermediate U.S. Treasury & Cloud Computing: Two ETFs Trading with Outsized Volume

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In the last trading session, the U.S. stocks were in red as the Fed-induced optimism was outweighed by renewed worries over the crude oil slump and return of global growth worries. Among the top ETFs, investors saw SPY lose over 0.6%, DIA retreat over 0.3% and QQQ move lower by 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, 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:

GOVT : Volume 3.24 times average

This intermediate-term U.S. Treasury bond ETF was in focus yesterday as roughly 853,000 shares moved hands compared to an average of roughly 263,000 shares. We also saw some stock price movement as shares of GOVT nudged up about 0.1% yesterday.

A notable plunge in yields in intermediate bonds led to the move. The fund has a Zacks ETF Rank #3 (Hold). However, for the month, GOVT is up about 0.7%.

GOVT : Volume 3.10 times average

This cloud-computing ETF was under the microscope yesterday as nearly 200,000 shares moved hands. This compares to an average trading day of 65,000 shares. SKYY lost 0.3% in the session.

Though cloud computing is a flourishing area in the tech space, Intel's recent Q3 earnings release indicating lesser orders from cloud computing companies in the fourth quarter might have led to the slight dip in prices and increased trading volume. The fund has a Zacks ETF Rank #2 (Buy). For the month, SKYY is up over 3.7%.

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ISHRS-CORE USTB (GOVT): ETF Research Reports

FT-CLOUD COMPUT (SKYY): 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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