Asia Ex-Japan And U.S. Large-Cap Value: 2 ETFs Trading With Outsized Volume

Includes: AAXJ, DIA, JKF, QQQ, SPY
by: Zacks Funds

In the past trading session, U.S. stocks were in the mixed-to-positive territory with the China currency issue deciding the course of the market. For the top ETFs, investors saw SPDR S&P 500 Trust ETF (NYSEARCA:SPY) gain about 0.1%, SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) add 0.06%, and PowerShares QQQ Trust ETF (NASDAQ:QQQ) move higher by about 0.4% on the day.

Two more specialized ETFs are worth noting in particular though, 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 ones to watch in the days ahead to see if this trend of extra-interest continues:

iShares MSCI All Country Asia ex-Japan Index ETF (NASDAQ:AAXJ): Volume 3.14 times average.

This all-country Asia ex-Japan ETF was in focus yesterday as roughly 4.13 million shares moved hands compared to an average of roughly 1.31 million. We also saw some stock price movement as shares of AAXJ lost over 1.7% yesterday.

The movement can largely be blamed on the latest Chinese currency devaluation which sparked off a currency war fear among these Asian nations to maintain their export competitiveness as these can have a huge impact on Asian stocks like what we find in this ETF's portfolio. For the month, AAXJ is down 7.9% and has a Zacks ETF Rank #3 (Hold).

iShares Morningstar Large-Cap Value ETF (NYSEARCA:JKF): Volume 3.13 times average.

This U.S. large-cap value ETF was under the microscope yesterday as nearly 28,300 shares moved hands. This compares to an average trading day of 9,050 shares and came as JKF added about 0.2% on the session.

The move was the result of a sudden lift in value quotient in the market, thanks to the rout in the global market due to the Chinese currency episode. JKF was down about 1.3% in the past month; though the fund currently has a Zacks ETF Rank #3.

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