While stocks are moving higher, crude oil is losing considerable ground Thursday, after scoring a two-month high on Wednesday, as U.S. crude exports tumbled, and indications of a swifter economic recovery and forecasts for increased energy demand drove prices higher. U.S. benchmark, West Texas Intermediate crude oil, is down over 4.45% on Thursday, trading at [...] Read more at ETFtrends.com.
A new study by crypto exchange operator Gemini indicates almost 20 million American adults will start investing in cryptocurrency over the next year and that number of investors in digital assets could double over that time.
The 2021 “State of U.S. Crypto Report” features an arr
On Thursday, Simplify Asset Management, an innovative provider of options-based ETFs, announced the launch of two first-of-their-kind ETFs: the Simplify Interest Rate Hedge ETF (PFIX) and the Simplify Volatility Premium ETF (SVOL). PFIX provides direct and transparent convex exposure to an upward shift in long-dated rates; SVOL is the first-ever VIX income strategy with an option hedge. PFIX, [...] Read more at ETFtrends.com.
On Thursday, ETF Managers Group (ETFMG®), a leading ETF issuer who brought investors MJ, the first U.S.-listed and world’s largest global cannabis ETF, announced that the ETFMG U.S. Alternative Harvest ETF (NYSE Arca: MJUS) will begin trading on the New York Stock Exchange. MJUS offers investors exposure to cannabis companies operating in the United States, including multi-state [...] Read more at ETFtrends.com.
After a protracted selloff over the last few days, stocks and index ETFs retraced some of the downside on Thursday, rebounding from heavy losses despite more hot inflation data. The Dow Jones Industrial Average added 1.28%, while the S&P 500 climbed 1.14%, with all 11 sectors of the market trading in positive territory, a stark [...] Read more at ETFtrends.com.
In trading on Thursday, the iShares Mortgage Real Estate ETF (REM) is outperforming other ETFs, up about 2.4% on the day. Components of that ETF showing particular strength include shares of Arbor Realty Trust (ABR), up about 4.3% and shares of Cherry Hill Mortgage Investment
Artificial intelligence (AI) isn’t just a standalone investment theme; it’s a technology that could potentially “expedite the automation and cost-saving of every industry” through a deep learning revolution, according to ERShares. ERShares’s flagship fund, the ERShares Entrepreneurs ETF (ENTR), offers exposure to a range of disruptive technology sectors—including robotics and AI. With its emphasis on [...] Read more at ETFtrends.com.
Inflationary pressure in the United States is heating up with consumer price inflation increasing at the fastest pace in more than a decade. This is especially true as the consumer price index (CPI) jumped 4.2% in April from the year-ago level to the highest level in 13-years and
In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, Standard and Poors Global Inc (Symbol: SPGI) has taken over the #12 spot from Alphabet Inc (Symbol: GOOG), according to ETF Channel. Below is a chart of Standard an
Earlier this month, the Chicago Mercantile Exchange (CME), the world’s leading derivatives exchange, launched Micro Bitcoin futures. The Micro Bitcoin futures contract represents one-tenth of one Bitcoin and is based on the CME CF Bitcoin Reference Rate, a once-daily benchmarking of the price of Bitcoin to the US dollar. The contracts are cash-settled. “We are [...] Read more at ETFtrends.com.
With inflationary poised to surge and Treasury yields already having done so, these are tricky times on the fixed income front. Advisors can find relief with the WisdomTree Fixed Income Model Portfolio. “This model portfolio is focused on a diversified stream of income. It seeks to benefit from secular trends we see evolving in the [...] Read more at ETFtrends.com.
The cannabis industry has become a relatively steady performer in the capital markets with more years under its belt. The sector is proving it’s not a thematic smoke-and-mirrors play with strong outperformers like the Global X Cannabis ETF (POTX). The fund is even outdoing those that are actively managed, according to a recent Forbes article. [...] Read more at ETFtrends.com.
What’s under an equity-based fund’s hood is vital information to advisors and investors. That’s particularly true of active funds where managers can cut, eliminate, or increase positions without notice. Fortunately, the riddle as to what’s driving this year’s top-performing funds, both active and passive, isn’t much of a riddle at all. “The winning funds so [...] Read more at ETFtrends.com.
While technology stocks are badly bruised, the ransomware attack on Colonial Pipeline is renewing interest in cybersecurity equities, a theme that could benefit the First Trust NASDAQ Cybersecurity ETF (NYSEArca: CIBR). As has been the case over the history of cybersecurity stocks and exchange traded funds evolving into credible portfolio pieces, large-scale hacks generate ample [...] Read more at ETFtrends.com.
In trading on Thursday, shares of the IBUY ETF (Symbol: IBUY) crossed below their 200 day moving average of $110.03, changing hands as low as $109.67 per share. IBUY shares are currently trading up about 0.5% on the day. The chart below shows the one year performance of IBUY
After hitting a series of record highs, Wall Street was caught in selling pressure this week on inflation fears. This is especially true as both the Dow Jones and the S&P 500 posted their steepest three-day decline in nearly seven months, declining 3.4% and 4%, respectively.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Nasdaq Biotechnology ETF (Symbol: IBB) where we have detected an approximate $73.2 million dollar outflow -- that's a 0.8% decrease week ove
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares iBoxx $ Investment Grade Corporate Bond ETF (Symbol: LQD) where we have detected an approximate $285.7 million dollar outflow -- that's a 0.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco Dynamic Leisure and Entertainment ETF (Symbol: PEJ) where we have detected an approximate $81.8 million dollar outflow -- that's a 5.0% decr
A look at the weighted underlying holdings of the Invesco S&P SmallCap Financials ETF (Symbol: PSCF) shows an impressive 10.1% of holdings on a weighted basis have experienced insider buying within the past six months.
Agree Realty Corp. (Symbol: ADC), which makes up 1.67%
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