In trading on Tuesday, the Invesco S&P 500— Equal Weight Energy ETF is outperforming other ETFs, up about 2.4% on the day. Components of that ETF showing particular strength include shares of Valero Energy, up about 5.1% and shares of Baker Hughes, up about 5% on the
As the cryptocurrency universe gains more mainstream acceptance and as more investors enter this arena, more factors are appearing as drivers of performance. This year, some experts are pointing to rising interest rates and declining equity prices — bitcoin’s correlation to stocks is high in 2022 — as reasons for crypto weakness. As is the [...] Read more at ETFtrends.com.
Emerging markets have been feeling the pain of a rising dollar, but that hasn’t been impacting the Global X MSCI Greece ETF (GREK), which is positive for the year at a 2% gain year-to-date. Compare that to the MSCI Emerging Markets Index, which is down almost 13% for the year, and the disparity in performance [...] Read more at ETFtrends.com.
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the DIREXION DAILY STANDARD AND POORS BIOTECH BULL 3X SHARES, which added 10,300,000 units, or a 16.8% increase week over week.
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the SPDR Portfolio S&P 500 Value ETF, where 15,250,000 units were destroyed, or a 4.3% decrease week over week. Among the largest underlyi
Rising inflation has been causing benchmark yields to trend higher, and corporate bonds haven’t been immune to the 2022 rout in bond prices. That said, there are bargains to be had in the corporate debt market if investors know where to look. The U.S. Federal Reserve is expected to continue tightening monetary policy, which is [...] Read more at ETFtrends.com.
Getting yield in today’s market environment is a tricky affair, and more investors are having to look elsewhere for yield as inflation and rising rates continue to erode bond income from safe haven Treasuries. As if inflation isn’t already adding to a wall of worry for investors, growing concerns surrounding China’s latest COVID outbreak continue [...] Read more at ETFtrends.com.
Chinese President Xi Jinping has told officials to ensure that the country’s economic growth outpaces that of the U.S. this year, despite the negative economic impacts of China’s zero-tolerance approach to COVID-19. In response to Xi’s call to accelerate growth, Chinese government agencies are discussing plans to ramp up big construction projects, especially in the [...] Read more at ETFtrends.com.
In trading on Tuesday, shares of the iShares MSCI Taiwan ETF (Symbol: EWT) entered into oversold territory, changing hands as low as $55.835 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measu
In trading on Tuesday, shares of the Invesco FTSE RAFI Emerging Markets ETF (Symbol: PXH) entered into oversold territory, changing hands as low as $19.14 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator
Actively managed ETFs gathered net inflows of US$10.12 billion during March. Assets invested in actively managed ETFs/ETPs increased by 2.6%, from US$442 billion at the end of February 2022 to US$453 billion.
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itsel
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itsel
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itsel
In recent trading, shares of Ionis Pharmaceuticals Inc (Symbol: IONS) have crossed above the average analyst 12-month target price of $42.12, changing hands for $42.34/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgra
In recent trading, shares of Henry Schein Inc (Symbol: HSIC) have crossed above the average analyst 12-month target price of $87.57, changing hands for $87.99/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on val
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itsel
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itsel
In recent trading, shares of Host Hotels & Resorts Inc (Symbol: HST) have crossed above the average analyst 12-month target price of $20.73, changing hands for $20.93/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: down
To become a "Dividend Aristocrat," a dividend paying company must accomplish an incredible feat: consistently increase shareholder dividends every year for at least 20 consecutive years. Companies with this kind of track record tend to attract a lot of investor attention —