The Invesco PureBeta MSCI USA ETF is seeing unusually high volume in afternoon trading Wednesday, with over 2.9 million shares traded versus three month average volume of about 132,000. Shares of PBUS were down about 0.1% on the day.
By Komson Silapachai Inflation is moving lower, and while the labor market remains strong, it is exhibiting a decelerating trend. Rate markets are expecting one more hike in July, which we believe will be the final one given the trajectory of inflation data. Additionally, we remain cautious on our corporate credit allocation by focusing on [...]
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Charlie Munger has famously said: “there is only three ways a smart person can go broke: liquor, ladies and leverage.” Widely known for his witty humor, the Berkshire Hathaway legend has shared many investing gems over the years, and there’s no argument here that liquor and leverage, especially if combined, can lead to investor pain. [...]
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Artificial intelligence (AI) will create tremendous value across the economy, but it’s not without significant risk, according to Secretary Michael Chertoff, Co-founder and Executive Chairman of the Chertoff Group. He recently shared his thoughts with Jake Schurmeier, Portfolio Manager, Harbor Capital. AI intersects with the ongoing political divisions in current society. Therefore, it has the [...]
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Active management has had a big 2023 so far, with investors and advisors alike upping their interest in active strategies. The active ETF narrative has focused on equities, yes, but investors and advisors shouldn’t forget active’s role in fixed income. Active ETFs have had a significant role to play in fixed income, taking in a [...]
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Recent record-setting heatwaves in North America, Europe, and China are likely the new norm as global warming continues. As heat indexes soar and electricity demand surges, global carbon market prices are on the rise, particularly in California. It demonstrates the optimal positioning of these regulated markets as the world works to curb emissions and climate [...]
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The S&P 500’s lowest correlation level in years suggests outperformers and underperformers should emerge. Think the S&P 500’s low volatility these days means all is calm and serene? Think again—and don’t be surprised to see big outperformers and big underperformers among many stocks that make up that index. To understand why, check out a metric [...]
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PGIM, the $1.2 trillion investment management arm of Prudential Financial, has launched the PGIM AAA CLO ETF (NYSE Arca: PAAA). PAAA seeks total return through current income and capital appreciation by investing primarily in U.S. CLOs rated AAA or equivalent. The fund will invest predominantly in the senior tranches of CLOs. These tranches typically have [...]
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This weekly update tracks some of the largest cryptocurrencies by market share: bitcoin and ether. We’ve also included XRP, as it was one of the largest cryptocurrencies when this article began. According to Wikipedia, a cryptocurrency is “a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to [...]
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Global X ETFs continues to build out its suite of covered call strategies. On Wednesday, the ETF provider has launched the Global X Dow 30 Covered Call & Growth ETF (NYSE Arca: DYLG). DYLG seeks to generate income by writing covered calls on the Dow Jones Industrial Average. The fund tracks the Cboe DJIA Half [...]
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In trading on Wednesday, the SPDR S&P Regional Banking ETF is outperforming other ETFs, up about 3.8% on the day. Components of that ETF showing particular strength include shares of Pacwest Bancorp, up about 28.4% and shares of Flushing Financial, up about 17.5% on the da
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the The Consumer Staples Select Sector SPDR Fund, where 5,950,000 units were destroyed, or a 2.5% decrease week over week. Among the largest u
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the The Financial Select Sector SPDR Fund, which added 26,850,000 units, or a 2.7% increase week over week. Among the largest underlying components o
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares S&P 500 Growth ETF (Symbol: IVW) where we have detected an approximate $1.4 billion dollar inflow -- that's a 4.0% increase week over we
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares 1-5 Year Investment Grade Corporate Bond ETF (Symbol: IGSB) where we have detected an approximate $190.6 million dollar inflow -- 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 DIREXION DAILY SEMICONDUCTOR BULL 3X SHARES (Symbol: SOXL) where we have detected an approximate $236.5 million dollar inflow -- that's a 3.3% incre
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares 3-7 Year Treasury Bond ETF (Symbol: IEI) where we have detected an approximate $379.8 million dollar inflow -- that's a 2.9% increase week o
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Materials Select Sector SPDR Fund (Symbol: XLB) where we have detected an approximate $521.7 million dollar inflow -- that's a 8.5% increase wee
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the JEPI ETF (Symbol: JEPI) where we have detected an approximate $237.2 million dollar inflow -- that's a 0.8% increase week over week in outstanding u
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR Gold Shares (Symbol: GLD) where we have detected an approximate $273.5 million dollar inflow -- that's a 0.5% increase week over week in outsta