The start of the year 2021 has been great for global stocks with most of the indices enjoying a boom. An unprecedented fiscal and monetary stimulus across the globe, a coronavirus relief package worth $900 billion in the United States, Democrats’ control over Senate (indicating
Stocks and index ETFs slumped on Monday, as investors monitored stock valuations, the prospect of more coronavirus stimulus, and the fallout from last week’s Capitol building riots. The Dow Jones Industrial Average slipped 0.23% to start the week of trading, as the S&P 500 fell 0.4% and the Nasdaq Composite dropped 0.7%. At one point, the [...] Read more at ETFtrends.com.
Energy is on the move, with the Direxion Daily Energy Bull 3X Shares (ERX) up about 20% to start the year. Much of the strength can be attributed to oil prices rallying after the commodity had its best week in four months. OPEC member Saudi Arabia caught traders off guard with a surprise production cut last week. [...] Read more at ETFtrends.com.
Just because the early momentum favors equities, that doesn’t mean there’s no place for bond ETFs in a strong portfolio. Three iShares bond ETFs are seeing strong inflows to start the new year. At over $260 million in inflows in the early going, the iShares TIPS Bond ETF (TIP) is seeing strong interest from buyers. [...] Read more at ETFtrends.com.
Investors seeking a unique factor-based strategy for 2021 may want to evaluate the entrepreneur factor, accessible via the the Entrepreneur 30 Fund (ENTR). The Entrepreneur 30 Fund tries to reflect the performance of the Entrepreneur 30 Index, which is comprised of 30 U.S. companies with the highest market capitalizations and composite scores based on six [...] Read more at ETFtrends.com.
The First Trust Horizon Managed Volatility Domestic ETF is seeing unusually high volume in afternoon trading Monday, with over 230,000 shares traded versus three month average volume of about 32,000. Shares of HUSV were off about 0.2% on the day.
In trading on Monday, the iShares U.S. Home Construction ETF is outperforming other ETFs, up about 1.7% on the day. Components of that ETF showing particular strength include shares of Century Communities up about 3.4% and shares of Topbuild up about 3% on the day.
The U.K. has been one of the countries hardest hit by the coronavirus pandemic, but some market observers believe British stocks are ready to deliver again. Investors can tap into that theme without the full commitment of a dedicated U.K. exchange traded fund with the FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (NYSE: [...] Read more at ETFtrends.com.
In trading on Monday, shares of the Vanguard Intermediate-Term Bond ETF (Symbol: BIV) entered into oversold territory, changing hands as low as $91.79 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator use
In trading on Monday, shares of the SPDR— Portfolio Aggregate Bond ETF (Symbol: SPAB) entered into oversold territory, changing hands as low as $30.45 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicat
Just what the world needs, more acronyms. While there isn’t yet an industry-agreed upon term, the active non-transparent (ANT) ETF structure is fresh and new. Non-transparent Active (NTA) might flow better, but it’s not as fun. Either way, the ETF industry has been waiting for some time for the launch of these specific type of [...] Read more at ETFtrends.com.
In trading on Monday, shares of the iShares 10+ Year Investment Grade Corporate Bond ETF (Symbol: IGLB) entered into oversold territory, changing hands as low as $70.60 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical anal
After peaking to end 2020, U.S. stocks had the worst start to a year in five years in the first trading session of 2021. However, it rebounded strongly and capped the weekly gains in the first week of this year despite the turmoil in Washington and surging coronavirus cases. Nota
After more than doubling last year, the ALPS Clean Energy ETF (ACES) is already higher by almost 18% to start 2021. That’s a great performance thus far, but it could even prove to be more floor than ceiling. ACES follows the CIBC Atlas Clean Energy Index. That benchmark is comprised of U.S.- and Canada-based companies that primarily operate in the clean [...] Read more at ETFtrends.com.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares 7-10 Year Treasury Bond ETF (Symbol: IEF) where we have detected an approximate $59.1 million dollar outflow -- that's a 0.4% decrease week
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR— S&P MIDCAP 400— ETF Trust (Symbol: MDY) where we have detected an approximate $57.2 million dollar outflow -- that's a 0.3% de
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the ProShares Ultra S&P500 (Symbol: SSO) where we have detected an approximate $66.5 million dollar outflow -- that's a 2.0% decrease week over week
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares U.S. Aerospace & Defense ETF (Symbol: ITA) where we have detected an approximate $65.3 million dollar outflow -- that's a 2.3% decrease
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Select Dividend ETF (Symbol: DVY) where we have detected an approximate $69.6 million dollar outflow -- that's a 0.5% decrease week over wee
A look at the weighted underlying holdings of the Small Cap US Equity Select ETF (Symbol: RNSC) shows an impressive 10.6% of holdings on a weighted basis have experienced insider buying within the past six months.
Ovintiv Inc (Symbol: OVV), which makes up 0.43% of the Small Ca