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In the past trading session, U.S. stocks were broadly mixed as relatively positive bank earnings and a favorable Chinese GDP data outweighed imminent rate hike worries. Among the top ETFs, investors saw the SPDR S&P 500 Trust ETF (NYSEARCA: SPY ) shed 0.03%, the SPDR Dow Jones Industrial Average ETF DIA move higher by 0.01% and the PowerShares QQQ Trust ETF (NASDAQ: QQQ ) gain 0.11% on the day. Investors can take note of two more specialized exchange-traded products in particular, as both saw trading volume that was far ahead of normal. In fact, both these funds experienced volume levels that were more than double their average for the most recent trading session. This makes these ETFs ones to watch in the days ahead to see if this trend of extra-interest continues. iShares U.S. Regional Banks ETF (NYSEARCA: IAT ): Volume 6.61 times average This regional banking ETF was in focus today, as over 1.36 million shares moved hands, compared to an average of roughly 227,000 shares. We also saw some share price movement, as shares of IAT gained 1.3%. The movement can largely be credited to the Fed’s latest indication of a rate hike later this year. This can have a big impact on regional banking stocks like what we find in this ETF’s portfolio. Also, relatively upbeat expectations for banking earnings led to this heavy trading. Though for the month IAT was down 0.2%, the fund currently has a Zacks ETF Rank #2 (Buy). CurrencyShares Canadian Dollar Trust ETF (NYSEARCA: FXC ): Volume 3.66 times average This Canadian dollar ETF was under the microscope today, as nearly 195,500 shares moved hands today. This compares to an average trading day volume of 53,400 shares. FXC lost about 1.4% in the session. The big move today was largely the result of depreciation of the Canadian dollar after the Bank of Canada slashed its key interest rate to 0.5%. FXC was down about 4.7% in the past month, though the shares currently have a Zacks ETF Rank #3 (Hold). Original Post Share this article with a colleague Scalper1 News
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