A host of factors globally and within the European Union have converged to send carbon allowance prices rocketing up over the week. This week saw the European Union Allowances (EUA) Dec 2021 futures closing up 4%. The EUA is the cap and trade program in Europe that sets a limit on carbon emissions allotted per [...] Read more at ETFtrends.com.
Solar and wind power might get the majority of attention in renewable energy, but higher demand for nuclear energy could be on the horizon — a good sign for uranium. In turn, this could give the Global X Uranium ETF (URA) even stronger gains if the trend persists. URA, which is already up over 60% for [...] Read more at ETFtrends.com.
In trading on Friday, shares of the First Trust Managed Municipal ETF (Symbol: FMB) crossed below their 200 day moving average of $57.04, changing hands as low as $57.02 per share. First Trust Managed Municipal shares are currently trading down about 0.1% on the day. The char
In trading on Friday, shares of the UITB ETF (Symbol: UITB) crossed below their 200 day moving average of $53.77, changing hands as low as $53.76 per share. UITB shares are currently trading off about 0.2% on the day. The chart below shows the one year performance of UITB sha
Strong fundamental indicators like low debt and higher dividends should translate to higher value, but that hasn’t been the case with gold miners. Kitco News recently reported that a Metals Focus report showed that valuations for miners seems to be following the current trend in gold prices in 2021: down. “According to a report by [...] Read more at ETFtrends.com.
China has been increasingly pushing to be self-reliant in several industries as President Xi works to build independence internally for the country. Foreign investors and companies are often split on if it is a boon to operations or a drawback with long-reaching consequences. Two reports were released that highlight the vast divide in perspective by [...] Read more at ETFtrends.com.
The growth factor is one of the traditional investment factors, but as equity investing evolves, so do factors, and growth is part of that equation. In recent years, growth investing developed an offshoot: disruptive and innovative growth. Stock picking in that vein is difficult, but exchange traded funds such as the Goldman Sachs Future Tech [...] Read more at ETFtrends.com.
Value stocks and related exchange traded funds managed to push higher on Friday as the broad market rally lost momentum following a two-day surge. Investors are beginning to prep for the upcoming earnings season, and some are already muting expectations. “There is a real risk that companies are going to miss earnings expectations despite there [...] Read more at ETFtrends.com.
As problems in China continue to make emerging market investors anxious, one can consider an exchange traded fund strategy that helps provide access to developing economies without exposure to the volatility in Chinese equities. In the latest round of market-churning events from China, property developer Evergrande Group’s U.S. dollar bonds did not provide an interest [...] Read more at ETFtrends.com.
While shortages for all manner of goods have been a hallmark of this pandemic induced recession and recovery, it is important to understand what is driving these issues. As we look for the causes of these supply chain disruptions, we find a myriad of factors. While demand for certain goods, such as semi-conductors and steel, [...] Read more at ETFtrends.com.
41% of GenXers say they think it will “take a miracle“ to have a secure retirement. A large swath of the GenX population, many of whom are 20 years or less from the end of their working careers, say they don’t think they are going to be financially ready for their golden years. 41% of them [...] Read more at ETFtrends.com.
In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, Simon Property Group, Inc. (Symbol: SPG) has taken over the #256 spot from KLA Corp (Symbol: KLAC), according to ETF Channel. Below is a chart of Simon Property Gro
In trading on Friday, shares of the iShares ESG Aware U.S. Aggregate Bond ETF (Symbol: EAGG) crossed below their 200 day moving average of $55.43, changing hands as low as $55.42 per share. iShares ESG Aware U.S. Aggregate Bond shares are currently trading down about 0.2% on t
The Invesco S&P MidCap Momentum ETF (XMMO) is seeing unusually high volume in afternoon trading Friday, with over 198,000 shares traded versus three month average volume of about 33,000. Shares of XMMO were off about 0.3% on the day.
In trading on Friday, the SPDR S&P Regional Banking ETF (KRE) is outperforming other ETFs, up about 1.2% on the day. Components of that ETF showing particular strength include shares of Comerica (CMA), up about 2.8% and shares of Tompkins Financial (TMP), up about 2.8% on
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 (SQQQ), where 14,850,000 units were destroyed, or a 6.3% 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 QYLD ETF (QYLD), which added 11,790,000 units, or a 6.2% increase week over week.
In trading on Friday, shares of the Invesco Preferred ETF (Symbol: PGX) crossed below their 200 day moving average of $15.07, changing hands as low as $15.06 per share. Invesco Preferred shares are currently trading off about 0.3% on the day. The chart below shows the one yea
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 $447.4 million dollar inflow -- that's a
In trading on Friday, shares of the Invesco Financial Preferred ETF (Symbol: PGF) crossed below their 200 day moving average of $18.98, changing hands as low as $18.97 per share. Invesco Financial Preferred shares are currently trading off about 0.3% on the day. The chart bel