Scalper1 News
In the last trading session, the U.S. stocks rose on better-than-expected results in the financial sector and the fading prospect of interest rates hike. Among the top ETFs, investors saw the SPDR S&P 500 Trust ETF (NYSEARCA: SPY ) gain 1.5% while the SPDR Dow Jones Industrial Average ETF (NYSEARCA: DIA ) rise 1.3% and the PowerShares QQQ Trust ETF (NASDAQ: QQQ ) move higher by 1.6% 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: Market Vectors International High Yield Bond ETF (NYSEARCA: IHY ) : Volume 5.73 times average This international high yield bond ETF was in focus yesterday as around 248,000 shares moved hands compared with an average of roughly 47,000 shares a day. We also saw some price movement as IHY lost 0.6% in the last session. The big move was largely the result of investors’ drive for higher yield amid ultra-low interest rates and delayed rate hike speculation. In the past one-month period, IHY was up 0.2%. This healthcare ETF was under the microscope yesterday as more than 542,000 shares moved hands. This compares with an average trading day of around 157,000 shares and came as IHF gained 0.5% in the session. The movement can largely be blamed on the earnings release of UnitedHealth Group (NYSE: UNH ) that can have a big impact on the healthcare stocks like what we find in this ETF portfolio. IHF was down 6.1% in the past one month and currently has a Zacks ETF Rank of 1 or ‘Strong Buy’ rating with a Medium risk outlook. Link to the original post on Zacks.com Share this article with a colleague Scalper1 News
Scalper1 News