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Russia & Local Currency EM Bond: 2 ETFs Trading with Outsized Volume

In the last trading session, the U.S. stocks were in the green. Renewed risk appetite following a dovish Fed minute and the oil price rebound boosted market sentiments. Among the top ETFs, investors saw SPY gain about 1.1%, DIA add 0.7% and QQQ move higher by over 1.6% 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, in the most recent trading session, both these funds experienced volume levels that were more than double their average. This could make these ETFs ones to watch out for in the days ahead to see if this trend of extra interest continues:

ERUS: Volume 4.93 times average

This Russia ETF was in focus on Wednesday as roughly 2.19 million shares moved hands compared to an average of roughly 444,640 shares. We also saw some share price movement as shares of ERUS gained about 3.2%.

The movement can largely be credited to a lower greenback and an oil price surge, which aided the fund with heavy energy exposure. In the last one-month period, ERUS was up 3.1%. The fund carries a Zacks ETF Rank #3 (Hold).

LEMB: Volume 4.00 times average

This local-currency emerging market bond ETF was under the microscope yesterday as nearly 732,200 shares moved hands. This compares with an average trading volume of 194, 570 shares and came as LEMB gained about 0.5% in the session.

The movement was because of lower long-term U.S. Treasury yields and a subdued U.S. dollar. In the last one-month period, LEMB was up 4.7%.

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ISHARS-MS RUSSA (ERUS): ETF Research Reports
 
ISHARS-EM LCBF (LEMB): ETF Research Reports
 
SPDR-SP 500 TR (SPY): ETF Research Reports
 
SPDR-DJ IND AVG (DIA): ETF Research Reports
 
NASDAQ-100 SHRS (QQQ): ETF Research Reports
 
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