The Invesco Golden Dragon China ETF is seeing unusually high volume in afternoon trading Friday, with over 226,000 shares traded versus three month average volume of about 65,000. Shares of PGJ were down about 9% on the day.
Eight CEOs from major crypto firms have been called to testify before the U.S. House Financial Services Committee on December 8, reports Reuters. Cryptocurrency and the crypto space have long been looked down upon by regulators and members of Congress as a space of extreme volatility and a haven for illicit transactions. This marks the first [...] Read more at ETFtrends.com.
Gold prices have been in retreat since the Fed indicated that rate hikes might come faster than anticipated. The retreat comes after a short rally for the precious metal following news that the Omicron variant could be resistant to vaccines, according to Moderna’s CEO Stéphane Bancel, who indicated that it could take months to develop [...] Read more at ETFtrends.com.
By Jamie Viceconte, CIO and Chief Marketing Officer, FolioBeyond You may be more exposed to higher interest rates than you think, and here is a potential way to fix it. Many investors hold fixed income securities in their portfolios. After all, the much-maligned “60/40” rule still defines a standard for both retail and institutional portfolios, [...] Read more at ETFtrends.com.
A top Federal Reserve official just warned that if Omicron turns out to be more virulent than the previous COVID Delta variant, already sky-high inflation could be sent even higher. Loretta Mester, president of the Cleveland Federal Reserve, has said that a new, more contagious strain could exacerbate supply chain issues that were just starting [...] Read more at ETFtrends.com.
The Labor Department announced that in November, only 210,000 jobs were added on an expectation of 573,000, reports the Wall Street Journal. It further exacerbates the gap between the demand for workers and the number of people that are finding jobs, driving inflationary pressures higher. The unemployment rate remains low, at 4.2% in November, down [...] Read more at ETFtrends.com.
More data and science are needed to get a better picture of how the Omicron variant of the coronavirus will affect people, businesses, and financial markets over the medium-term, but stocks felt some near-term impact earlier this week and last week. The bad news is that there were declines. The good news is that some [...] Read more at ETFtrends.com.
In trading on Friday, shares of the iShares Russell Mid-Cap Growth ETF (Symbol: IWP) crossed below their 200 day moving average of $111.27, changing hands as low as $111.01 per share. iShares Russell Mid-Cap Growth shares are currently trading down about 2.1% on the day. The
Investors taking the long view of renewable energy equities and exchange traded funds, including the ALPS Clean Energy ETF (ACES), take heart, because that view could be validated over time. The International Energy Agency’s (IEA) 2021 Renewables Market Report confirms a compelling long-term outlook for green energy concepts, including some of the industries residing in ACES. “The growth [...] Read more at ETFtrends.com.
In trading on Friday, shares of the First Trust Enhanced Short Maturity ETF (Symbol: FTSM) entered into oversold territory, changing hands as low as $59.81 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicato
In trading on Friday, shares of the iShares MSCI All Country Asia ex Japan ETF (Symbol: AAXJ) entered into oversold territory, changing hands as low as $82.70 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indic
In trading on Friday, shares of the iShares China Large-Cap ETF (Symbol: FXI) entered into oversold territory, changing hands as low as $37.125 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to me
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core Dividend Growth ETF (Symbol: DGRO) where we have detected an approximate $90.0 million dollar inflow -- that's a 0.4% increase week ove
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Copper Miners ETF (Symbol: COPX) where we have detected an approximate $134.8 million dollar inflow -- that's a 14.5% increase week over week in out
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the ARK Fintech Innovation ETF (Symbol: ARKF) where we have detected an approximate $61.8 million dollar outflow -- that's a 2.2% decrease 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 SPDR— S&P— Insurance ETF (Symbol: KIE) where we have detected an approximate $56.6 million dollar outflow -- that's a 10.9% decrease
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the ARK Next Generation Internet ETF (Symbol: ARKW) where we have detected an approximate $65.4 million dollar outflow -- that's a 1.4% decrease week ov
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— Global Natural Resources ETF (Symbol: GNR) where we have detected an approximate $90.3 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 SCHF ETF (Symbol: SCHF) where we have detected an approximate $96.2 million dollar inflow -- that's a 0.3% increase week over week in outstanding un