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NEW YORK (TheStreet) -- Trading in the most popular exchange traded funds spiked over the past week. The top-ranked SPDR Trust Series 1 (SPY) - Get SPDR S&P 500 ETF Trust Report had average daily volume of $27.6 billion, $8.9 billion more a day than during the previous six months.

The most frequently traded blue-chip holdings of SPDR Trust Series 1 include

Bank of America

(BAC) - Get Bank of America Corp Report

, with an average of $5.2 billion over five days;

Goldman Sachs

(GS) - Get Goldman Sachs Group, Inc. Report

, at $3.7 billion; and


(C) - Get Citigroup Inc. Report

, with $2.3 billion.

The percentage increase in the second-ranked

PowerShares QQQ


is even more impressive: daily average of $6.9 billion compared with $4.1 billion. The ETF tracks the

Nasdaq-100 Index

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The three most highly traded Nasdaq-100 Index members this week are


(AAPL) - Get Apple Inc. Report

, at $5.8 billion;


(GOOG) - Get Alphabet Inc. Class C Report

, with $2.9 billion; and


(MSFT) - Get Microsoft Corporation Report

, at $2 billion.

Only one of the 20 most actively traded ETFs decreased in volume. Investor interest in

Direxion Daily Financial Bear 3X Shares

(FAZ) - Get Direxion Daily Financial Bear 3X Shares Report

flat-lined, averaging $1.4 billion over five days and $1.5 billion in the past six months.

Still, the ETF rose 3.4% in the past four weeks. Other gainers were

ProShares UltraShort S&P500

(SDS) - Get ProShares UltraShort S&P500 Report

, up 4.6%, and

Oil Services Holders Trust

(OIH) - Get VanEck Oil Services ETF Report

, up 1.7%.

-- Reported by Kevin Baker in Jupiter, Fla.

Kevin Baker became the senior financial analyst for TSC Ratings upon the August 2006 acquisition of Weiss Ratings by, covering mutual funds. He joined the Weiss Group in 1997 as a banking and brokerage analyst. In 1999, he created the Weiss Group's first ratings to gauge the level of risk in U.S. equities. Baker received a B.S. degree in management from Rensselaer Polytechnic Institute and an M.B.A. with a finance specialization from Nova Southeastern University.