As the 2020 coronavirus bear market reminds investors, airline equities can be vexing propositions, but the group does offer some near- to medium-term potential. For investors that want to capitalize on that trend without a full commitment, the ALPS Global Travel Beneficiaries ETF (NYSEARCA: JRNY) stands as a credible idea. Newly minted, JRNY isn’t a [...] Read more at ETFtrends.com.
Asset management firm KraneShares has announced in a press release the launch of two new targeted ETFs within the carbon allowances markets: the KraneShares European Carbon Allowance ETF (KEUA) and the KraneShares California Carbon Allowance ETF (KCCA). Many countries and regions have adopted cap-and-trade programs for carbon emissions that set limits on how much carbon [...] Read more at ETFtrends.com.
The Invesco Dividend Achievers ETF is seeing unusually high volume in afternoon trading Tuesday, with over 323,000 shares traded versus three month average volume of about 44,000. Shares of PFM were up about 1.1% on the day.
In trading on Tuesday, the Lithium ETF is outperforming other ETFs, up about 3.2% on the day. Components of that ETF showing particular strength include shares of Albemarle, up about 3.5% and shares of Johnson Controls International, up about 2% on the day.
For this week’s episode of ETF 360, ETF Trends CEO Tom Lydon and CIO Dave Nadig spoke with David Mazza, Managing Director and Head of Product at Direxion, about the state of travel and working from home for various firms and what that says about the market. Watch the Full ETF 360 Episode Here: When [...] Read more at ETFtrends.com.
As Bitcoin goes mainstream, the wealth management industry is starting to integrate cryptocurrencies into investment portfolios. Who wouldn’t want exposure to an asset that’s increased 2,000% in value since December 2020? The problem with Bitcoin for many investors is that while yes, it goes up, it could just as quickly fall down. Bitcoin lost 50% [...] Read more at ETFtrends.com.
At less than a month old, the Goldman Sachs Future Tech Leaders Equity ETF (GTEK) is indeed fresh on the exchange traded funds scene. However, the new actively managed fund could have the makings of a rookie ETF success, and not just because it already has $172.41 million in assets under management. That’s an impressive [...] 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 Daily Semiconductor Bull 3X Shares, which added 16,200,000 units, or a 20.4% increase week over week. Among the largest underlying components of
With Democrats controlling both houses of Congress and the White House, conventional wisdom held that 2021 should have been a banner year for renewable energy stocks. However, much of that ebullience was priced into those names before the year started, and the group is floundering in 2021. For example, the Invesco Solar ETF (TAN), the largest [...] Read more at ETFtrends.com.
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the ARK Innovation ETF, where 5,800,000 units were destroyed, or a 3.2% decrease week over week.
Despite last year’s pandemic, the aerospace and defense (A&D) industry recorded $874 billion in revenue, which is good news for traders and the Direxion Daily Aerospace & Defense 3X Shares ETF (DFEN). “The Aerospace Industries Association has released a report saying the aerospace and defense industry was still able to record $874 billion in revenues, [...] Read more at ETFtrends.com.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares TIPS Bond ETF (Symbol: TIP) where we have detected an approximate $191.7 million dollar inflow -- that's a 0.6% increase week over week in o
BMO Capital Markets noted that the Federal Reserve’s recent hawkishness on the economic recovery could tamp down prices for silver through the rest of 2021. An improving economy is causing the central bank to eye 2022 as the year to start raising interest rates. The Fed is looking to start tapering off its stimulus measures [...] Read more at ETFtrends.com.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Semiconductor ETF (Symbol: SMH) where we have detected an approximate $112.4 million dollar inflow -- that's a 2.0% increase week over week in outst
Energy sector-related exchange traded funds managed to evade the broad market selling as crude oil prices surged to a seven-year high. On Monday, the ALPS Alerian MLP ETF (NYSEArca: AMLP) increased 2.3%, and the JPMorgan Alerian MLP Index ETN (NYSEArca: AMJ) advanced 2.5%. The more widely observed Energy Select Sector SPDR Fund (NYSEArca: XLE) gained 1.6%. Meanwhile, [...] Read more at ETFtrends.com.
Facebook, Instragram, and WhatsApp all had massive outages earlier today, underscoring the importance of decentralization in tech. As Facebook’s communications were taking to Twitter to notify people that the company was “working to get things back to normal as quickly as possible,” cryptocurrencies were soaring. Bitcoin surged 4.5%, cresting above $49,000, up from a daily [...] Read more at ETFtrends.com.
While most people interested in cryptocurrencies and digital assets buy and sell them on online exchanges, offline exchanges (physical store fronts where customers can buy and sell cryptocurrencies) are seeing massive growth in transaction volume as Bitcoin continues to thrive, according to a WSJ report. Walk-in exchanges are still rare in the U.S. and Western [...] Read more at ETFtrends.com.
Treasury bond exchange traded funds weren’t immune to the broad selling on Monday as a sell-off in big technology names rippled through the market and fueled the risk-off sentiment. On Monday, the Vanguard Intermediate-Term Treasury Index Fund ETF Shares (VGIT) was down 0.1%, and the Vanguard Long-Term Treasury Index Fund ETF Shares (VGLT) fell 0.2%. Meanwhile, [...] Read more at ETFtrends.com.
As stocks and bonds continue their recent steep fall from last month, crude ETFs rocketed as crude oil surged to a three-year high on Monday after OPEC+ confirmed it would maintain its current output policy, amid increasing demand for petroleum products. OPEC+’s decision to keep boosting oil output gradually sent prices rocketing above July’s highs, adding [...] Read more at ETFtrends.com.
In trading on Monday, shares of the Vanguard FTSE All-World ex-US Small-Cap ETF (Symbol: VSS) crossed below their 200 day moving average of $132.66, changing hands as low as $132.14 per share. Vanguard FTSE All-World ex-US Small-Cap shares are currently trading down about 1.2%