In face of an ongoing energy crisis with the winter heating months just around the corner, the German economy is heading toward a contraction, dragging down country-related exchange traded funds. Year-to-date, the iShares MSCI Germany ETF (NYSEArca: EWG) decreased 32.3%, the Global X DAX Germany ETF (DAX) declined 29.7%, and the First Trust Germany AlphaDEX® [...] Read more at ETFtrends.com.
In trading on Friday, shares of the ASHR ETF (Symbol: ASHR) entered into oversold territory, changing hands as low as $29.455 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on
The Japanese currency-related exchange traded fund has been taking a beating, with the yen reeling to a 24-year low against the U.S. dollar, as diverging central bank policies weighed on the Asian currency. The CurrencyShares Japanese Yen Trust (NYSEArca: FXY), which tracks the yen currency moves against the U.S. dollar, was up 0.1% on Friday, [...] Read more at ETFtrends.com.
Energy-related exchange traded funds jumped Friday ahead of the Organization of Petroleum Exporting Countries and their allies, or OPEC+, meeting over the Labor Day weekend. Among the best-performing non-leveraged ETFs on Friday, the SPDR Oil & Gas Equipment & Services ETF (XES) advanced 4.5%, the iShares U.S. Oil Equipment & Services ETF (IEZ) increased 4.0%, [...] Read more at ETFtrends.com.
U.S. markets and stock exchange traded funds retreated mid-Friday, giving up all of their early gains, after the updated economic data revealed a steadily improving labor market with payroll employment surpassing pre-pandemic levels. On Friday, the Invesco QQQ Trust (QQQ) declined 1.1%, the SPDR Dow Jones Industrial Average ETF (DIA) was down 0.5%, and the SPDR [...] Read more at ETFtrends.com.
Flows into U.S. equities and U.S. fixed income ETFs topped $28 billion and $13 billion, respectively, despite challenged markets. U.S. equities started August on a strong note, rebounding losses from the first half of the year, but reversed course to end the month in negative territory after a hawkish Fed and recession fears weighed on [...] Read more at ETFtrends.com.
The Invesco S&P International Developed Quality ETF is seeing unusually high volume in afternoon trading Friday, with over 134,000 shares traded versus three month average volume of about 28,000. Shares of IDHQ were down about 0.1% on the day.
In trading on Friday, the Junior Gold Miners ETF is outperforming other ETFs, up about 3.7% on the day. Components of that ETF showing particular strength include shares of Prime Mining, up about 8.4% and shares of Buenaventura Mining, up about 8.3% on the day.
Timing the market is near impossible, especially regarding the volatile crypto markets (particularly this year). However, a seasonal buying opportunity could allow prospective Bitcoin investors to get in on an area of value. Technical indicators may give traders an inkling of what Bitcoin’s price might do, but nobody has a crystal ball. With Bitcoin’s price [...] Read more at ETFtrends.com.
Soybean prices could see an uptick in the month of September amid higher seasonal demand. This could help the Teucrium Soybean Fund (SOYB). SOYB can offer similar exposure to what investors could obtain by trading in soybean futures contracts. When it comes to specific areas globally, China could see increasing imports as soybean demand ramps up [...] Read more at ETFtrends.com.
Download the full View From the EDGE® paper on the 3EDGE website: https://3edgeam.com/view-from-the-edge-june-2022/ Our weekend video, Market Melt-Up How Long Could It Last, features 3EDGE’s Chief Investment Strategist, Fritz Folts, and CEO, Steve Cucchiaro, as they discuss: The recent rally in the S&P 500 as the index approached its 200 Day Moving Average Bear [...] Read more at ETFtrends.com.
The cost of rising utilities can offer investors an inflation hedge, but another catalyst is record-breaking heat in the Western region of the United States. It’s helping to propel the Direxion Daily Utilities Bull 3X Shares (UTSL) to a 19% gain in the last three months. The heat wave in states like California is applying pressure [...] Read more at ETFtrends.com.
Midstream ETFs held steady through August as the rest of the market faltered following a strong rebound in July. The $130 million Alerian Energy Infrastructure ETF (ENFR) has been accreting assets at a steady pace this year, taking in $8 million in net inflows during August. The fund saw $4 million in July and $8 [...] Read more at ETFtrends.com.
September has a well-earned reputation for being unkind to equities. The ninth month of the year is also often not the best time to own gold, but that doesn’t mean investors need to run for the hills. Investors can lean on familiar avenues to make it through what could be a rough ninth month of [...] Read more at ETFtrends.com.
While there are plenty of similarities between various equity-based environmental, social, and governance (ESG) indexes, there aren’t many, if any twins, in this universe. That is to say, asset allocators need to be selective when evaluating ESG benchmarks while not assuming that simply because index names are similar, investment methodologies mirror each other. Advisors looking [...] 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 JEPI ETF, which added 9,275,000 units, or a 4.3% 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 ProShares UltraPro Short QQQ, where 7,650,000 units were destroyed, or a 6.1% decrease week over week.
A look at the weighted underlying holdings of the WisdomTree U.S. SmallCap Dividend Fund (DES) shows an impressive 10.9% of holdings on a weighted basis have experienced insider buying within the past six months.
Old National Bancorp (Symbol: ONB), which makes up 0.44% of the
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the BlackRock Ultra Short-Term Bond ETF (Symbol: ICSH) where we have detected an approximate $85.0 million dollar inflow -- that's a 1.3% increase 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 $229.1 million dollar inflow -- that's a 1.3% increase week ov