Scalper1 News
In the past trading session, U.S. stocks were in red because the Apple stock plunged to its six-month low and rising rate speculations suddenly sharpened. With considerable exposure in three key U.S. indices, Apple weighed on the overall U.S. market. Among the top ETFs, investors saw SPDR S&P 500 Trust (NYSEARCA: SPY ) , SPDR Dow Jones Industrial Average ETF (NYSEARCA: DIA ) , and PowerShares QQQ Trust ETF (NASDAQ: QQQ ) each move lower by about 0.2% 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 in the days ahead to see if this extra-interest continues: First Trust Tech AlphaDEX ETF (NYSEARCA: FXL ): Volume 3.90 times average This U.S. technology ETF was under the microscope yesterday as nearly one million shares moved hands. This compares to an average trading day of 269,000 shares. FXL lost 0.7% in the session. The movement can be attributed to muted tech earnings. The pain in Apple shares pulled another trigger for this busy activity. FXL was down over 1.8% in the past month; though it currently has a Zacks ETF Rank #3 (Hold). iShares TIPS Bond ETF (NYSEARCA: TIP ): Volume 3.72 times average This U.S. TIPS ETF was in focus yesterday as over 2 million shares moved hands compared to an average of roughly 560,000 shares. We also saw some price movement as TIP dropped nearly 0.6% yesterday. The move yesterday was largely the result of subdued U.S. inflation as this can have a big impact on securities like what we find in this ETF’s portfolio. For the past one-month period, TIP was off 0.6%. Original Post Share this article with a colleague Scalper1 News
Scalper1 News