2 ETFs to Watch for Outsized Volume on Defense & Banks
In the last trading session, Wall Street was extremely upbeat. Among the top ETFs, SPY added 0.6%, DIA gained about 0.6% while QQQ moved 0.5% higher 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.
PPA: Volume 6.42 Times Average
This defense ETF was under the microscope as about 590,900 million shares moved hands due to the geopolitical crisis in the Middle East. This compares with an average trading volume of roughly 92,000 shares and came as PPA added more than 4% in the last trading session. PPA is up 0.1% in a month’s time.
KBWB: Volume 2.86 Times Average
This bank ETF was in the spotlight as around 4.3 million shares moved hands compared with an average of 975,000 shares a day. We also saw some price movement as KBWB added 0.1% in the last session. KBWB has slumped 5.9% over the past month.
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Invesco Aerospace & Defense ETF (PPA): ETF Research Reports
Invesco KBW Bank ETF (KBWB): ETF Research Reports
