Large Cap Growth And MLP: 2 ETFs To Watch On Outsized Volume

In the last trading session, the U.S. stocks rose on a sturdy November jobs report, which provided clear signals that the Fed will raise interest rates in its upcoming FOMC meeting. Among the top ETFs, investors saw (SPY - ETF report) gain 1.9% while (DIA - ETF report) rise 2.0% and (QQQ - ETF report) move higher by 2.3% 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:

(IWY - ETF report): Volume 4.00 times average

This large cap growth ETF was in focus last Friday as around 175,000 shares moved hands compared with an average of roughly 46,000 shares a day. We also saw some price movement as IWY gained 2.3% in the last session.

The big move was largely the result of the increased chances of a rates hike following the jobs report. In the past one-month period, IWY was up 0.6% and has a Zacks ETF Rank of 1 or ‘Strong Buy’ with a Medium risk outlook.

(YMLP - ETF report): Volume 3.35 times average

This MLP ETF was under the microscope on Friday as around 366,000 shares moved hands. This compares with an average trading day of around 109,000 shares and came as YMLP lost 2.9% in the session.

The movement can largely be blamed on a lower oil price following the OPEC decision to maintain the output that can have a big impact on the MLP stocks like what we find in this ETF portfolio. YMLP was down 20.9% in the past one month.

Disclosure: None.

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