In the last trading session, U.S. stocks gave a mixed performance. Actions by the Chinese authorities to calm the upheaval in the equity market the day before set the stage for yesterday’s decent trading backdrop. Among the top ETFs, investors saw SPY and DIA gain about 0.2% and 0.6% respectively and QQQ move down 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, 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:
Volume 4.73 times average
The Schwab US Dividend Equity ETF (SCHD - ETF report) was in focus on Tuesday as roughly 2.8 million shares moved hands compared to an average of roughly 580,000 shares. We also saw some stock price movement as SCHD gained 0.6%.
The movement can largely be credited to the renewed interest in the dividend investing amid broad-based volatility in the market as well as still-subdued long-term treasury yields (even after the Fed liftoff). In the last one-month period, SCHD was down 2.3%. The fund carries a Zacks ETF Rank #3 (Hold).
Volume 3.04 times average
The iShares S&P Small-Cap 600 Value (IJS - ETF report) was under the microscope yesterday as nearly 400,000 shares moved hands. This compares to an average trading volume of 131,000 shares and came as IJS gained 0.2% in the session.
The move was largely the result of rising risk-off trade sentiments among a few investors while staying invested in the steadily growing U.S. economy and warding off the turbulent foreign exposure. In the last one-month period, IJS was down over 4.7%.
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