Shares of Slack were on fire on Wednesday, surging as much as 32% before tempering gains, after a report from analysts that Salesforce was in discussions to purchase the company. While Salesforce stock dropped around 4% on the news, the Renaissance IPO ETF (IPO), which holds a significant position in Slack, gained 2.23% amid the [...] Read more at ETFtrends.com.
U.S. markets and stock exchange traded funds were mixed Wednesday, with the S&P 500 and Dow Jones Industrial Average slipping from their record highs, on signs that the recovery in the labor market is slowing amid a spike in coronavirus cases. On Wednesday, the Invesco QQQ Trust (NASDAQ: QQQ) rose 0.4%, SPDR Dow Jones Industrial Average [...] Read more at ETFtrends.com.
Index ETFs are mixed to lower on Wednesday, amid discouraging economic data and more muted stock movement, following the achievement of a key milestone for the Dow Jones Industrial Average on Tuesday. The Industrial Average fell 224 points, or 0.8%, after breaking 30,000 for the first time on Tuesday. The S&P 500 also retraced its [...] Read more at ETFtrends.com.
The time has arrived to thank all good things in life despite the scars of pandemic. Most Americans have a celebratory meal on the fourth Thursday of November. Though vacations are also part of the Thanksgiving celebration, COVID-19 may spoil plans. Let’s see how Thanksgiving w
ETF Trends CEO Tom Lydon discussed the SPDR S&P 500 ESG ETF (EFIV) on this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show. The S&P 500 ESG Index is designed to measure the performance of securities meeting certain sustainability criteria (criteria related to ESG factors) while maintaining similar overall industry group [...] Read more at ETFtrends.com.
According to the Stock Trader’s Almanac, stocks normally offer solid returns on the Wednesday before Thanksgiving and the Friday after combined, albeit at a low volume. This makes us analyze, will the U.S. stock market continue the age-old wining trend this year too or not? Let
Traditional equity and fixed income strategies can help investors survive market storms. Still, this year’s coronavirus outbreak has reminded investors to consider allocating a portion of their portfolio to an alternative strategy – designed to thrive during periods of elevated volatility. Tom Lydon, CEO of ETF Trends spoke with Ross Klein, CEO of Changebridge Captial, LLC, [...] Read more at ETFtrends.com.
The fixed income market was one of the stars in a pandemic-ridden 2020, especially when the Federal Reserve came in to backstop bonds earlier this year when the COVID-19 sell-offs were at their peak. As ETF investors look to position their portfolios for 2021, getting bond exposure is still a must. Here are three strong [...] Read more at ETFtrends.com.
ETF investors may want to start cleaning up their portfolios ahead of the New Year, with a clean energy technology fund in the Global X CleanTech ETF (CTEC) being one bright idea. CTEC seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Global CleanTech [...] Read more at ETFtrends.com.
Futures trading activity could portend upside ahead for oil prices, which is a positive sign for the energy sector. 2020 hasn’t been kind to the capital markets in general, but the latest jump could give ETFs like the Invesco DB Energy Fund (DBE) a boost. DBE seeks to track changes, whether positive or negative, in the [...] Read more at ETFtrends.com.
As investors look to shore up their portfolios for the new year, one of the enduring themes to consider is the ever-growing popularity of environmental, social and governance (ESG) investing. ETF investors can keep riding that wave into with funds like the SPDR S&P 500 ESG ETF (EFIV). EFIV seeks to provide investment results that, [...] Read more at ETFtrends.com.
In trading on Wednesday, the Junior Gold Miners ETF is outperforming other ETFs, up about 1.8% on the day. Components of that ETF showing particular strength include shares of K92 Mining, up about 6.3% and shares of Coeur Mining, up about 5.3% on the day.
As the anticipation of a COVID-19 vaccine grows, positivity is giving the capital markets a boost, but as sellers start to do their profit-taking the markets should dip, adding another dose of volatility to an already interesting year. If traders like this high correlation to the movement of the major indexes, they might want to [...] Read more at ETFtrends.com.
With a vaccine on the cusp of production and a new president ready to take the helm at the White House, there’s still a lot of uncertainty looming for the debt market, which calls for investment grade bonds. On the other hand, sectors like environmental, social and governance (ESG) investing are performing well. One way [...] Read more at ETFtrends.com.
The recent rally by smaller stocks is reaching historic proportions and many market observers believe the move is far from over. The ERShares International Equity ETF (NYSEARCA: ERSX) stands out as an exchange traded fund to consider. ERSX tracks 50 non-U.S. companies from around the world with market capitalizations between $300 million and $5 billion [...] 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 Daily Small Cap Bear 3X Shares, which added 8,100,000 units, or a 19.5% 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 CLOU ETF, where 6,150,000 units were destroyed, or a 10.5% 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 China Large-Cap ETF (Symbol: FXI) where we have detected an approximate $306.4 million dollar inflow -- that's a 8.4% increase week over wee
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Broad USD High Yield Corporate Bond ETF (Symbol: USHY) where we have detected an approximate $156.7 million dollar inflow -- that's a 2.4% i