Growth And Financial: 2 ETFs To Watch For Outsized Volume

Mockup, Typewriter, Word, Money, Wall Street, Etf

Image Source: Pixabay

In the last trading session, Wall Street lost after the Federal Reserve delivered another rate hike by three-quarters of a percentage point. Among the top ETFs, (SPY - Free Report) lost 2.5% and (DIA - Free Report) shed 1.5%, while (QQQ - Free Report) moved 3.4% down 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 the ones to watch out for in the days ahead to see if this trend of extra interest continues.

(VONG - Free Report) : Volume 6.57 Times Average

This growth ETF was in the spotlight as around 6.9 million shares moved hands compared with an average of 1.1 million daily shares. We also saw some price movement as VONG plunged 3.2% in the last session.

The move was primarily the result of a decline in the stock market that could have a big impact on growth ETFs like the ones we find in this ETF portfolio. VONG has climbed 4.5% over the past month and carries a Zacks ETF Rank #3 (Hold) with a Medium risk outlook.

(KBWD - Free Report) : Volume 5.38 Times Average

This financial ETF was under the microscope as nearly 674,000 shares moved hands. This compared with an average trading volume of roughly 135,000 shares and came as KBWD shed 1.4% in the last trading session.

The movement can largely be blamed on higher rates highly beneficial for the financial sector. DON has gained 12.5% in a month and has a Zacks ETF Rank #2 with a Medium risk outlook.

More By This Author:

Top-Ranked ETFs That Beat The Market In October
Earnings Erase $350B From Big Tech: 5 ETFs With Strength
5 Solid Dividend Growth Stocks For Q4

Disclosure: contains statements and statistics that have been obtained from sources believed to be reliable but are not guaranteed as to accuracy or completeness. References to any ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.