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SPY

Technology & Inverse Leverage Gold Miners: 2 ETFs Trading with Outsized Volume

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In the last trading session, the U.S. stocks were in red. The lower-than-expected jobs report, the recent turmoil in the tech sector and the decline in oil prices dampened the mood of the market. Among the top ETFs, investors saw SPY , DIA and QQQ move down by about 1.9%, 1.3% and 3.5%, respectively 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 ones to watch out for in the days ahead to see if this trend of extra interest continues:

FTEC : Volume 4.56 times average

This U.S. technology ETF was in focus on Friday as roughly one million shares moved hands compared to an average of roughly 223,000 shares. We also saw some stock price movement as FTEC lost more than 3.7%.

The movement can largely be blamed on the recent rout in the technology space mainly spurred by the LikhedIn crash. In the last one-month period, FTEC was down 7.7%. The fund carries a Zacks ETF Rank #2 (Buy).

DUST : Volume 3.00 times average

This inverse leverage gold miner ETF was under the microscope on Friday as nearly 28.7 million shares moved hands. This compares to an average trading volume of 9.60 million shares and came as DUST lost about 16.6% in the session.

The movement can largely be due to the rise in gold and gold mining stock prices spurred by safe-haven demand. In the last one-month period, DUST was down over 50%.

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FID-INFOTEC (FTEC): ETF Research Reports

DIR-D GM BR 3X (DUST): 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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