Silver & Consumer Staples: 2 ETFs to Watch on Outsized Volume

In the last trading session, U.S. stocks slumped following negative news from the technology giant and a dismal earnings report from the world’s biggest consumer-products firms. Among the top ETFs, investors saw SPYlose 0.8%, DIAshed 0.8%, and QQQmove lower by 1.6% 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:

SIL: Volume 3.69 times average

This silver ETF was in the spotlight on Friday as about 492,000 shares moved hands compared with an average of 134,000 shares a day. We also saw some price movement as SIL shed 1.1% last session.

The movement can largely be blamed on rising bond yields that have dampened the appeal for the white metal. SIL was down 12.45% in a month’s time.

RHS: Volume 2.39 times average

This consumer staples ETF was under the microscope on Friday as nearly 73,000 shares moved hands. This compares with an average trading day of roughly 31,000 shares and came as RHS lost about 1.9% in the trading session.

The big move was largely the result of a weak earnings report from Philip Morris PMthat can have a huge impact on the consumer staple stocks like what we find in this ETF portfolio. RHS has lost 1.3% in the past month and carries a Zacks ETF Rank #4 (Sell) with a Medium risk outlook.

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