Markets

U.S. Minimum Volatility & Intermediate Treasury: Two ETFs Trading with Outsized Volume

In the last trading session, U.S. stocks were in green, brushing aside looming rising rate worries in the upcoming Fed meeting as the China-led global market rout ebbed a little. Among the top ETFs, investors saw SPY gain about 0.5%, DIA add over 0.6% and QQQ move higher by about 0.6% 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:

USMV : Volume 3.25 times average

This U.S. minimum volatility ETF was under the microscope yesterday as nearly 4.6 million shares moved hands. This compares to an average trading day of 1.41 million shares and came as USMV returned over 0.6% in the session.

The movement was to reflect investors' rush toward low volatile products as global growth concerns and uncertainty about the outcome of the imminent Fed meet kept the risk-on trade sentiments at check. However, USMV was down about 5.8% in the past one-month period.

GOVT : Volume 3.12 times average

This intermediate-term U.S. Treasury bond ETF was in focus yesterday as roughly 790,000 shares moved hands compared to an average of roughly 253,000 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 down about 0.4%.

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ISHARS-MS US MV (USMV): ETF Research Reports

ISHRS-CORE USTB (GOVT): 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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