Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Financials ETF (Symbol: VFH) where we have detected an approximate $334.9 million dollar inflow -- that's a 2.9% increase week over week in
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Mid-Cap Value ETF (Symbol: VOE) where we have detected an approximate $464.6 million dollar inflow -- that's a 3.0% increase week over week
The Invesco QQQ Trust (QQQ) is, by a long shot, the most popular ETF that tracks the NASDAQ-100 Index; however, Invesco has another fund in its innovation suite that offers the same access for a lower cost. The Invesco NASDAQ 100 ETF (QQQM) is virtually identical to QQQ, affectionately dubbed the “Q mini,” according to [...] Read more at ETFtrends.com.
The Mustang Mach-E from Ford has surpassed Tesla’s Model 3 as the top electric vehicle (EV) for Consumer Reports in 2022. Aside from its popularity, data released regarding the reliability of the Mach-E helped push the car into the top spot, knocking the incumbent Tesla Model 3 down, reports CNBC. Image Source: CarScoops This brings further [...] Read more at ETFtrends.com.
U.S. natural gas producers and sector-related exchange traded funds could be capitalizing on the worsening energy crisis in Europe. The First Trust Natural Gas ETF (NYSEArca: FCG) has increased 17.2% year-to-date. As Europe suffers an energy crunch with dwindling supplies from Russia and the threat of further cuts from sanctions in response to a potential [...] Read more at ETFtrends.com.
Crypto has had a rough start to the year with cryptocurrencies and crypto equities alike all falling as investors face rising interest rates and shuffle allocations around accordingly. Amplify ETFs’ flagship crypto fund, the Amplify Transformational Data Sharing ETF (BLOK), reviewed its tactical choices as an actively managed fund in the most recent newsletter and [...] Read more at ETFtrends.com.
In trading on Thursday, shares of the First Trust NASDAQ Technology Dividend Index Fund ETF (Symbol: TDIV) crossed below their 200 day moving average of $58.67, changing hands as low as $58.47 per share. First Trust NASDAQ Technology Dividend Index Fund shares are currently tr
In trading on Thursday, shares of the iShares Broad USD High Yield Corporate Bond ETF (Symbol: USHY) entered into oversold territory, changing hands as low as $39.08 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysi
Gold prices jumped to an eight-month high on Thursday despite global equities falling more than 1% as geopolitical tensions heightened with President Joe Biden saying that there was every indication that Russia planned to attack Ukraine. One stock that has fared especially well is Colorado-based Newmont Corporation (NEM), the world’s largest gold mining company. The [...] Read more at ETFtrends.com.
Coal use is on the rise again. According to a report from the Financial Times, the biggest coal mining companies in the U.S. have seen record profits in the past week, enjoying a renewed demand and rising prices. Peabody Energy, the largest private coal producer in the world, reported its most profitable quarter ever, while [...] Read more at ETFtrends.com.
Albemarle Corporation (NYSE: ALB) shares plunged in their worst day of trading ever on Thursday, dragging down clean energy technology-related exchange traded funds in the process. Albemarle, the world’s largest lithium miner, suffered its single worst day ever after profit forecasts disappointed investors who were expecting a bigger payday from record-high prices of the rare [...] Read more at ETFtrends.com.
Diverse communities are considerably underserved by the financial services industry. For a few examples, the Nationwide Retirement Institute notes that two out of three Hispanic Americans are not confident they are prepared financially for retirement; Black consumers are interested in and willing to work with a financial professional for targeted purposes, but they use them less than [...] Read more at ETFtrends.com.
Gold-related exchange traded funds are rallying, with gold prices topping $1,900 for the first time in eight months on escalating tensions between Russia and Ukraine with the threat of an all-out invasion. Among the best-performing non-leveraged ETFs of Thursday, the Sprott Gold Miners ETF (SGDM) advanced 4.9%. Meanwhile, the Sprott Physical Gold Trust (PHYS) rose 0.8%. Comex gold futures [...] Read more at ETFtrends.com.
The CBOE Volatility Index and VIX-related exchange traded funds climbed on Thursday as traders dumped risk assets in response to growing concerns over a potentially imminent Russian invasion into Ukraine. Among the best-performing non-leveraged ETFs of Thursday, the iPath Series B S&P 500 VIX Short Term Futures ETN (NYSEArca: VXX) increased 8.9%, and the ProShares VIX [...] Read more at ETFtrends.com.
Top Performing Levered/Inverse ETFs Last Week These were last week’s top-performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly. Always do your homework. Ticker Name 1 Week Return (KOLD B-) ProShares UltraShort Bloomberg Natural Gas 24.81% (GDXU) MicroSectors Gold Miners 3X Leveraged ETN 20.13% (JNUG B-) Direxion Daily Junior [...] Read more at ETFtrends.com.
Coinbase has written a letter to the SEC supporting the conversion of the Grayscale Bitcoin Trust (GBTC) into an ETF. The conversion is currently in the comment period, where members of the public are allowed to weigh in on the matter. The letter makes a number of arguments in favor of the conversion. Noting that [...] Read more at ETFtrends.com.
We might be edging closer to a post-pandemic world, but the other side looks fairly inward turning as countries focus on combating debt, declining productivity, and depopulation within their borders. All this amounts to slowing growth, particularly in countries where inflation is soaring such as the U.S., writes Ruchir Sharma, chair of Rockefeller International, in [...] Read more at ETFtrends.com.
The Invesco Moderately Conservative Multi-Asset Allocation ETF is seeing unusually high volume in afternoon trading Thursday, with over 685,000 shares traded versus three month average volume of about 25,000. Shares of PSMM were down about 0.3% on the day.
In trading on Thursday, the Gold Miners ETF is outperforming other ETFs, up about 3.9% on the day. Components of that ETF showing particular strength include shares of Royal Gold, up about 8% and shares of K92 Mining, up about 7.4% on the day.
Goldman Sachs Asset Management has launched the Goldman Sachs Access Emerging Markets USD Bond ETF (GEMD), which begins trading today on the Cboe BZX Exchange. According to the ETF’s summary prospectus, GEMD invests at least 80% of its assets in securities included in the FTSE Goldman Sachs Emerging Markets USD Bond Index, which tracks the performance of investment-grade and high-yield [...] Read more at ETFtrends.com.