The iShares ESG Aware MSCI USA Small-Cap ETF is seeing unusually high volume in afternoon trading Monday, with over 3.0 million shares traded versus three month average volume of about 161,000. Shares of ESML were up about 0.8% on the day.
In trading on Monday, the WisdomTree Cloud Computing Fund ETF is outperforming other ETFs, up about 3.8% on the day. Components of that ETF showing particular strength include shares of Coupa Software, up about 26.8% and shares of C3.AI, up about 9.1% on the day.
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the NULV ETF, where 7,000,000 units were destroyed, or a 13.4% decrease week over week.
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the DFSV ETF, which added 5,600,000 units, or a 18.3% increase week over week.
Invesco has launched four new active ETFs, expanding the firm’s lineup of fixed income solutions. The new active fixed income offerings are the Invesco AAA CLO Floating Rate Note ETF (ICLO), the Invesco High Yield Select ETF (HIYS), the Invesco Municipal Strategic Income ETF (IMSI), and the Invesco Short Duration Bond ETF (ISDB), which debuted [...]
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Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 1000 ETF (Symbol: IWB) where we have detected an approximate $108.2 million dollar inflow -- that's a 0.4% increase week over week i
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 Mid-Cap 400 Growth ETF (Symbol: IJK) where we have detected an approximate $132.9 million dollar inflow -- that's a 1.9% increase we
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SCHG ETF (Symbol: SCHG) where we have detected an approximate $119.1 million dollar inflow -- that's a 0.9% 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 iShares Broad USD Investment Grade Corporate Bond ETF (Symbol: USIG) where we have detected an approximate $128.1 million dollar inflow -- that's a
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR EURO STOXX 50 ETF (Symbol: FEZ) where we have detected an approximate $103.2 million dollar inflow -- that's a 5.6% increase week over week in
In trading on Monday, shares of the SPDR S&P Metals & Mining ETF (Symbol: XME) crossed below their 200 day moving average of $51.22, changing hands as low as $50.73 per share. SPDR S&P Metals & Mining shares are currently trading off about 0.5% on the day. The
The Labor Department said Friday its Producer Price Index (PPI) for final demand advanced 0.3% in November, seasonally adjusted. It’s above economists' forecasts. In the 12 months through November, the PPI rose by 7.4%. Recession fears have also dominated attention this week with the current inversion in the Treasury yield curve. Two-year yield still exceeds 10-year by more than 75 basis points, flashing a warning signal for a potential recession next year.
Inflationary pressures and recession risks rocked US stock markets ahead of the Fed meeting next week. It is most likely that the central bank will increase the level of interest rate to half a percentage point. Wall Street’s main indexes wiped out the gains made in the previous two weeks. The Dow Jones Industrial Average fell 2.77% (down 7.88% year-to-date), or 953 points, the S&P 500 lost 3.37% (down 17.45% YTD) and the Nasdaq Composite tumbled nearly 4% at 11,004.62 (down 29.66% YTD).
European stock indexes followed suit, though to a lesser extent. The MSCI EMU slipped 1.06% (down 11.65% for the year). The FTSE did not fare better. It fell 1.05% week-over-week but remained up 1.25% over the year.
By contrast, Japanese and Chinese markets bucked the trend. The Nikkei was up 0.44% (down 3.09% YTD) but the best performance came from China. Beijing announced a significant shift towards living with Covid-19, despite the country’s fragile healthcare system and vaccination failure. The Shanghai composite gained 1.61%, bringing its YTD performance to -11.89% and extending its winning streak to six weeks, the longest since January 2020.
A sea of red swamps all the S&P sectors
For the eighth time this year, all the economic sectors closed in the red. Energy was the hardest hit (-8.40%) as oil prices fell to their lowest level this year in the wake of the global economic slowdown. Crude Oil WTI Futures were down 11.20% to $71.02 a barrel. It was also a tough week for communication services (down 5.39%), pushed lower by Meta Platforms (META: -6.15%) and Alphabet (GOOG: -7.70%). Though University of Michigan’s consumer sentiment reading for December was stronger than expected (59.1 vs 56.9 expected and 56.8 last month), the consumer discretionary index shed 4.48%, pressured by Amazon (AMZN: -5.35%).
Defensive sectors such as consumer staples (-1.83%), health care (-1.29%), and utilities (-0.32%) did not weather the storm but fared a little better than the broad market.
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 Biotech ETF (Symbol: XBI) where we have detected an approximate $201.2 million dollar outflow -- that's a 2.5% 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 WisdomTree Japan Hedged Equity Fund (Symbol: DXJ) where we have detected an approximate $84.8 million dollar outflow -- that's a 4.2% decrease week
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 3000 ETF (Symbol: IWV) where we have detected an approximate $113.4 million dollar inflow -- that's a 1.1% increase week over week i
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the BBEU ETF (Symbol: BBEU) where we have detected an approximate $326.4 million dollar outflow -- that's a 9.1% decrease week over week (from 72,599,59
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI Canada ETF (Symbol: EWC) where we have detected an approximate $91.4 million dollar outflow -- that's a 2.3% decrease week over week (f
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the MINT ETF (Symbol: MINT) where we have detected an approximate $193.4 million dollar outflow -- that's a 2.0% decrease week over week (from 97,540,00
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the QDF ETF (Symbol: QDF) where we have detected an approximate $118.6 million dollar outflow -- that's a 7.0% decrease week over week (from 31,400,000
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 Bank ETF (Symbol: KBE) where we have detected an approximate $94.5 million dollar outflow -- that's a 4.7% decrease week over week (fro