ETFs with Greatest Spikes in Volume

Here are the ten ETFs with the largest volume spikes for the week ending April 24, 2009. We calculate this by looking at the five-day average volume versus the 50-day average volume.

We exclude ETFs and ETNs that did not have an Average Daily Value Traded (ADVT) of at least $1 million for the past 21 market days. We look only at those products in the upper ETF Liquidity Tiers, which represents approximately 45% of the universe of US-listed ETFs and ETNs. This step eliminates many of the peculiarities associated with low volume securities.

Currently the list contains a large proportion of small cap and mid cap ETFs. Of the 389 ETFs and ETNs that passed the ADVT screen, 171 (44%) had a volume increase this week.

Ticker	Name	1-week	Vol Chg
DSG	SPDR DJ Wilshire Small Cap Growth	0.7%	436%
RFG	Rydex S&P Midcap 400 Pure Growth	-0.9%	361%
JKJ	iShares Morningstar Small Core	1.3%	336%
JKI	iShares Morningstar Mid Value	0.3%	321%
JKL	iShares Morningstar Small Value	0.4%	269%
TOK	iShares MSCI Kokusai Index Fund	0.0%	259%
FAZ	Direxion Daily Financial Bear 3x Shares	-7.0%	246%
NYC	iShares NYSE Composite Index Fund	-0.5%	223%
SEF	ProShares Short Financials	-0.5%	200%
PRFE	PowerShares FTSE RAFI Energy	1.2%	173%

Disclosure: no positions

Comments

[User411933:]

I'd like to walk through setting targets for some of these ETFs.. particularly inverse ETFs. Take SEF for example.. looks like a prudent time to buy it right now. What would be a target to consider? How high can SEF go if banks go down? How high if banks go down 25%? 50%? Crash and burn utterly? Anyone have any perspective on tackling such target setting?

May 11 03:51 PM