In the last trading session, Wall Street lost strength. Amongst the leading ETFs, SPY decreased 0.6%, DIA pulled back 0.4% while QQQ moved 1.2% lower on the day.
2 more customized ETFs deserve keeping in mind as both saw trading volume that was far beyond typical. In truth, both these funds skilled volume levels that were more than double their average for the most-recent trading session. This might make these ETFs the ones to look out for in the days ahead to see if this pattern of extra-interest continues.
MGK: Volume 3.03 Times Average
This large-cap development ETF remained in the spotlight as around 1.1 million shares moved hands compared to approximately 357,000 shares a day. We likewise saw some rate motion as MGK lost 1.1% in the last session. MGK has actually plunged 11.9% over the previous month. Increasing rate concerns weighed on the development ETFs greatly.
FDL: Volume 3.21 Times Average
This dividend ETF was under the microscopic lense as almost 2 million shares moved hands. This compares to a typical trading volume of approximately 683,000 shares and came as FDL got about 0.7% in the last trading session. FDL is down 2.7% in a month’s time and has a Zacks ETF Rank # 3 (Hold). In a turbulent trading environment, financiers most likely looked for security towards dividend ETFs.
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