Mid Cap and Materials: 2 ETFs to Watch on Outsized Volume

In the last trading session, U.S. stocks rose on hopes of a trade deal between the two countries. Among the top ETFs, investors saw SPY gain 0.7%, DIA add 0.6%, and QQQ move 0.8% higher on the day.

Two more specialized ETFs are worth noting 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.

IWS: Volume 7.02 Times Average

This mid-cap ETF was in the spotlight as around 3.5 million shares moved hands compared with an average 542,000 shares a day. We also saw some price movement as IWS gained 0.6% in the last session.

The big move was largely the result of investors’ flight to both growth and stability. This could have a big impact on mid-cap stocks like what we find in this ETF portfolio. IWS has lost 2.3% over the past month and has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook.

IYM: Volume 3.22 Times Average

This materials ETF was under the microscope as 118,000 shares moved hands. This compares with an average trading volume of roughly 38,000 shares and came as IYM added 1% in the last trading session.

The movement can largely be blamed on deal optimism that could benefit the materials sector, which tends to be most sensitive to global economic growth expectations. IYM has shed 2.9% in a month’s time and has a Zacks ETF Rank #4 (Sell) with a High risk outlook.

Want key ETF info delivered straight to your inbox?

Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>

Click to get this free report

SPDR Dow Jones Industrial Average ETF (DIA): ETF Research Reports

iShares U.S. Basic Materials ETF (IYM): ETF Research Reports

iShares Russell Mid-Cap Value ETF (IWS): ETF Research Reports

Invesco QQQ (QQQ): ETF Research Reports

SPDR S&P 500 ETF (SPY): ETF Research Reports

To read this article on click here.

Zacks Investment Research

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics


Latest Markets Videos