Scalper1 News
In the last trading session, U.S. stocks fell on uncertainty related to the U.S. rate hike and disappointing results from Ford Motor Co. (NYSE: F ) and other companies. As for the top ETFs, investors saw both the SPDR S&P 500 Trust ETF (NYSEARCA: SPY ) and the SPDR Dow Jones Industrial Average ETF (NYSEARCA: DIA ) lose 0.2%, but the PowerShares QQQ Trust ETF (NASDAQ: QQQ ) moved higher by 0.2% on the day. Two more specialized ETFs are worth noting in particular as both saw trading volume 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 in the days ahead to see if this trend of extra-interest continues. The PowerShares Aerospace & Defense Portfolio ETF (NYSEARCA: PPA ): Volume 9.6 times average This aerospace & defense ETF was in focus yesterday as around 370,000 shares moved hands on the day compared to an average of roughly 38,000 shares. We also saw some share price movement as shares of PPA rose 0.01% yesterday. The movement can largely be attributable to better-than-expected earnings and higher 2015 outlook from aerospace & defense majors Lockheed Martin Corp. (NYSE: LMT ) and The Boeing Co. (NYSE: BA ) last week. This favorably impacted the aerospace & defense equities that we find in this ETF portfolio. For the past one month, PPA was up 8.7%. It presently carries a Zacks ETF Rank #3 (Hold) with a Medium risk outlook. The iShares MSCI New Zealand Capped ETF (NYSEARCA: ENZL ): Volume 4.8 times average This New Zealand capped ETF was in the spotlight as roughly 104,000 shares moved hands yesterday compared to an average of roughly 21,000 shares. ENZL rose 0.4% in the session. The move can be attributed to the continued rally in New Zealand stocks after European Central Bank’s indication of more stimulus measures to aid growth. ENZL went up 14.4% in the past one month though it currently has a Zacks ETF Rank #4 (Sell) with a Medium risk outlook. Link to the original post on Zacks.com Scalper1 News
Scalper1 News