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Japan and Energy Exploration: 2 ETFs Trading with Outsized Volume

In the last trading session, U.S. stocks dipped on lower-than-expected employment data and uncertainty regarding the Federal Reserve rate hike. For the top ETFs, investors saw SPY lose 1.5%, DIA shed 1.6%, while QQQ moved lower by 1.2% 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 of 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 in the days ahead to see if this trend of extra-interest continues:

EWJ : Volume 2.7 times average.

This Japan ETF was in focus last Friday as roughly 104.4 million shares moved hands on that day compared to an average of roughly 40.8 million. We also saw some share price movement as shares of EWJ lost 3.2% on Sep 4.

The movement can largely be blamed on the wild swings in China's equity market that have raised global growth worries. It could also have a big impact on Japan stocks that we find in this ETF portfolio. For the past one month, EWJ was down 11.2%. The fund currently has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook.

PXE : Volume 4.7 times average.

This exploration and production ETF was under the scanner as more than 129,000 shares moved hands on Sep 4 compared to an average of roughly 29,000 shares. PXE lost nearly 1.2% in the session.

The big move on Friday was largely the result of a free fall in oil prices and China-led global economic slowdown that would hurt oil consumption at a time of abundant supply. PXE is down 4.8% in the past month and it currently has a Zacks ETF Rank #4 (Sell) with a High risk outlook.

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ISHARS-JAPAN (EWJ): ETF Research Reports

PWRSH-DYN ENRG (PXE): 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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