The Financial Select Sector SPDR (NYSEArca: XLF) has an average volume of 35.9 million shares. The financial sector has been waiting on a rising rate environment as banks would be able to capitalize off a wider spread between lending and deposit rates. [Bank Sector ETFs Could Lead as Rates Rise]
The iShares Russell 2000 ETF (NYSEArca: IWM) saw an average daily volume of 32.5 million shares. IWM tracks the Russell 2000 Index, a diversified group of small-capitalization stocks.
The PowerShares QQQ (NasdaqGM: QQQ) showed an average volume of 32.4 million shares. QQQ, which follows the Nasdaq-100, has lead U.S. benchmarks as growth stocks outperformed again.
Lastly, the United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, saw an average volume of 28.2 million shares. Despite the plunge in oil prices, USO has attracted significant investment interest as traders tried to catch a falling knife. However, the rising interest in USO may also be coming from bearish traders seeking to borrow shares to short the market.
For more information on ETFs, visit our ETF performance reports category.
Max Chen contributed to this article.