2 ETFs to Watch on Outsized Volume

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November 26, 2018 1:07pm NYSE:PXE

NYSE:PXE | News, Ratings, and Charts

From Sweta Killa: In the last trading session, U.S. stocks ended lower pressured by falling oil prices. Among the top ETFs, investors saw (SPY – Free Report) and (DIA – Free Report) lose 0.7%, and (QQQ – Free Report) move lower by 0.7% 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:

(PXE – Free Report) : Volume 3.65 Times Average

This energy ETF was under the microscope as 121,000 shares moved hands. This compares with an average trading day of roughly 35,000 shares and came as PXE shed 4.2% in the trading session.

The big move was largely the result of a worsening oil price rout that can have a big impact on stocks like what we find in this ETF portfolio. PXE has lost 10.4% over the past month and carries a Zacks ETF Rank #3 (Hold) with a High risk outlook.

(PRF – Free Report) : Volume 2.44 Times Average

This value ETF was in the spotlight as around 384,000 shares moved hands compared with an average of 166,000 shares a day. We also saw some price movement as PRF lost 0.7% in the last session.

The movement can largely be blamed on bouts of volatility that led to investors’ drive to value stocks as these are less susceptible to trending markets and their dividend payments offer safety in times of market turbulence. PRF has lost 1.5% in a month’s time and carries a Zacks ETF Rank #3 with a Medium risk outlook.

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The Invesco Dynamic Energy Exploration & Production ETF (PXE) was trading at $21.02 per share on Monday afternoon, up $0.38 (+1.84%). Year-to-date, PXE has declined -8.02%, versus a -0.08% rise in the benchmark S&P 500 index during the same period.

PXE currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #13 of 38 ETFs in the Energy Equities ETFs category.


This article is brought to you courtesy of Zacks.


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