In trading on Tuesday, shares of the ProShares Short S&P500 ETF (Symbol: SH) entered into oversold territory, changing hands as low as $18.27 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to
The world’s largest economy continues to witness a record number of coronavirus cases. The United States, which is averaging almost 210,201 new cases per day, saw at least 254,848 new COVID-19 cases on Dec 14, per data from Johns Hopkins University (according to a CNN report).
As we consider the investment outlook for 2021, active investment strategies are in prime position to manage market concentration risks and capture opportunities. In the recent webcast, Have Indexes Gained Too Much Weight? Get Active in 2021, Christopher Dillon, Investment Specialist, Multi-Asset, T. Rowe Price, highlighted the ongoing leadership in technology stocks, with the tech [...] Read more at ETFtrends.com.
Stocks and index ETFs are gaining ground on Tuesday amid ongoing congressional negotiations over additional coronavirus stimulus. The Dow Jones Industrial Average climbed 0.7% as the S&P 500 gained 0.8% and the Nasdaq Composite added 0.67%. Key stock index ETFs such as the SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 ETF Trust (SPY), and Invesco QQQ [...] Read more at ETFtrends.com.
A Joe Biden administration can help fuel the aerospace and defense (A&D) industry if the incoming president bolsters spending in this sector. More forecasted growth in the industry can only help fuel the Direxion Daily Aerospace & Defense 3X Shares ETF (DFEN). DFEN seeks daily investment results equal to 300% of the daily performance of [...] Read more at ETFtrends.com.
Despite a vaccine being readied for global deployment, there’s still a lot of uncertainty in the market. The real estate market is a particularly challenging place to navigate, which highlights the need for active management funds like the Invesco Active U.S. Real Estate ETF (PSR). PSR structures and selects its investments primarily from a universe [...] Read more at ETFtrends.com.
With the induction of electric automaker Tesla into the S&P 500, heavy volume is expected this week. Tesla is one of the top holdings of the Global X Autonomous & Electric Vehicles ETF (DRIV), so it’s one fund to watch if its over 50% gain year-to-date isn’t enough reason already. The fund seeks to invest [...] Read more at ETFtrends.com.
Getting quality at a low cost can be a challenging endeavor when it comes to any product or service. In the world of ETFs, look no further than the iShares MSCI USA Quality Factor ETF (QUAL) with its microscopic 0.15% expense ratio. QUAL seeks to track the investment results of the MSCI USA Sector Neutral [...] Read more at ETFtrends.com.
Investors ready to pull the trigger on highly-touted environmental, social, and governance (ESG) investments might not know exactly where to start. The ESG pool has expanded exponentially over the years, but one place of exceptional strength is the S&P 500 and specifically, the Xtrackers S&P 500 ESG ETF (SNPE). SNPE seeks investment results that correspond [...] Read more at ETFtrends.com.
As dreary as the thought may be, as 2020 comes to a close, it’s not too a bad idea to start thinking about taxes in 2021. For ETF investors looking to minimize income tax liability in the new year, funds like the VanEck Vectors CEF Municipal Income ETF (XMPT) are a great place to begin. [...] Read more at ETFtrends.com.
The Invesco S&P 500— Equal Weight Consumer Discretionary ETF is seeing unusually high volume in afternoon trading Tuesday, with over 203,000 shares traded versus three month average volume of about 36,000. Shares of RCD were up about 0.7% on the day.
Wall Street has been enjoying a series of record highs lately with small-cap stocks leading the way higher. This is especially true as the Russell 2000 Index is up 24.5% over the past three months, outperforming the gains of 18.1% for the S&P 400 Mid Cap Index and 7.8% for th
The ARK Genomic Revolution Multi-Sector Fund (CBOE: ARKG) doesn’t need more catalysts, but in the rapidly evolving genomics spaces they keep on coming. ARKG is a substantial departure from the health care ETF most investors are accustomed to. That’s not a bad thing. “Securities within ARKG are substantially focused on and are expected to substantially [...] Read more at ETFtrends.com.
Risk-seeking investor behavior rolls on. Small-cap stocks and other beaten down segments are putting up good performance stats versus the benchmark indexes. The Russell 2000 is higher for six weeks in a row. That’s the longest streak in nearly two years. And today’s outperformance means it’s well on its way to extending the streak to [...] Read more at ETFtrends.com.
Small-caps are leading markets higher around the world, a scenario putting the ERShares International Equity ETF (NYSEARCA: ERSX) directly in the spotlight. The fund covers global bases with smaller stocks. ERSX tracks 50 non-U.S. companies from around the world with market capitalizations between $300 million and $5 billion USD and the highest rank based on the [...] Read more at ETFtrends.com.
International equities are prime asset classes for active managers to add value for their clients. One asset class entering the limelight as 2020 draws to a close is international equities, a group many investors are looking to re-allocate to in the new year. “Our analysis shows that active managers showed robust performance in some categories, [...] Read more at ETFtrends.com.
The United States has geared up for the largest-ever immunization with the rollout of the COVID-19 vaccine developed by Pfizer PFE in collaboration with a German biotechnology company, BioNTech BNTX for millions of Americans. This is a historic development to counter the worst pa
When it comes to investing, the renewable energy conversation usually centers on wind and solar. While it has ample solar and wind exposure, the ALPS Clean Energy ETF (ACES) doesn’t tie itself to those themes. In fact, ACES is one of the more diverse exchange traded funds in its category. That’s a plus heading into 2021. ACES follows the CIBC Atlas [...] 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 Broad USD Investment Grade Corporate Bond ETF (Symbol: USIG) where we have detected an approximate $43.2 million dollar outflow -- that's a