U.S. Large-Cap Value And Coffee: 2 ETFs To Watch On Outsized Volume

Includes: DIA, JO, QQQ, SPY, VONV
by: Zacks Funds

In the last trading session, U.S. stocks ended in the red after three days of gains as oil prices retreated and global growth worries resurfaced. Among the top ETFs, investors saw the SPDR S&P 500 Trust ETF (NYSEARCA:SPY) go down 0.14%, the SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) lose 0.10% and the PowerShares QQQ Trust ETF (NASDAQ:QQQ) decline 0.16% 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:

Vanguard Russell 1000 Value ETF (NASDAQ:VONV): Volume 4.50 times average

This U.S. large-cap value ETF was in focus yesterday as roughly 155,000 shares moved hands compared to an average of roughly 34,000 shares. We also saw some stock price movement as VONV lost 0.14%.

The movement can largely be blamed on heightened risk-off trade sentiment brought on by the slump in U.S. stocks that can have a big impact on the large-cap value stocks like what we find in this ETF's portfolio. VONV was up 3.8% in the past one month and has a Zacks ETF Rank of 2 or 'Buy' rating with a Medium risk outlook.

iPath Dow Jones-UBS Coffee ETN (NYSEARCA:JO): Volume 3.10 times average

This coffee ETN was in focus yesterday as nearly 722,000 shares moved hands compared to an average of roughly 233,000 shares. We also saw some price movement as JO lost nearly 4.1% yesterday.

The move yesterday was largely the result of correction in coffee prices, which were riding high on speculations about supply issues. For the past one-month period, JO was up 9%. The fund has a Zacks ETF Rank of 4 or 'Sell' rating with a High risk outlook.

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