In recent trading, shares of Tesla Inc (Symbol: TSLA) have crossed above the average analyst 12-month target price of $203.90, changing hands for $203.93/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuatio
The sectors that have the highest concentration in the largest five companies can benefit most from an equal-weight strategy. An equal-weight strategy can reduce concentration risk in portfolios. By weighting each constituent company equally, a small group of companies is not able to have an outsized impact on the index. The five sectors with the [...]
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Valid until the market close on June 30, 2023 The S&P 500 closed May with a monthly gain of 0.25%, after a gain of 1.46% in April. At this point, after close on the last day of the month, two of five Ivy portfolio ETFs — the Vanguard Real Estate ETF (VNQ) and the Invesco DB Commodity Index [...]
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Direct indexing allows a deeper level of customization that mutual funds and ETFs can’t provide. ETFs are an all-or-nothing proposal wherein the investor gets all the securities within its basket. Direct or personalized indexing, meanwhile, is a separately managed account that attempts to replicate an index. Unlike a mutual fund or an ETF, the investor [...]
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In trading on Wednesday, shares of the Vanguard Mortgage-Backed Securities ETF (Symbol: VMBS) crossed above their 200 day moving average of $46.15, changing hands as high as $46.23 per share. Vanguard Mortgage-Backed Securities shares are currently trading up about 0.7% on the
In trading on Wednesday, shares of the iShares MBS ETF (Symbol: MBB) crossed above their 200 day moving average of $93.92, changing hands as high as $94.06 per share. iShares MBS shares are currently trading up about 0.6% on the day. The chart below shows the one year perform
The Invesco Golden Dragon China ETF is seeing unusually high volume in afternoon trading Wednesday, with over 579,000 shares traded versus three month average volume of about 52,000. Shares of PGJ were down about 0.8% on the day.
In trading on Wednesday, the Uranium ETF is outperforming other ETFs, up about 3.8% on the day. Components of that ETF showing particular strength include shares of Uranium Energy, up about 5.2% and shares of Denison Mines, up about 5% on the day.
In trading on Wednesday, shares of the SPDR Portfolio Mortgage Backed Bond ETF (Symbol: SPMB) crossed above their 200 day moving average of $21.99, changing hands as high as $22.02 per share. SPDR Portfolio Mortgage Backed Bond shares are currently trading up about 0.7% on the
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 Ultra VIX Short-Term Futures ETF, where 8,350,000 units were destroyed, or a 4.2% 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 DIREXION DAILY SEMICONDUCTOR BEAR 3X SHARES, which added 22,650,000 units, or a 28.5% increase week over week.
Artificial intelligence and generative intelligence programs, including ChatGPT and the like, have changed the conversation across the market. Massive tech conglomerates have seen their stock prices skyrocket, thanks to the merest mention of plans to adopt the latest in AI services. While the “existential threat” of AI can cloud the conversation, the truth is the [...]
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In trading on Wednesday, shares of the iShares Asia 50 ETF (Symbol: AIA) crossed below their 200 day moving average of $57.64, changing hands as low as $57.46 per share. iShares Asia 50 shares are currently trading down about 1.6% on the day. The chart below shows the one yea
In trading on Wednesday, shares of the WisdomTree International SmallCap Dividend Fund ETF (Symbol: DLS) crossed below their 200 day moving average of $58.80, changing hands as low as $58.31 per share. WisdomTree International SmallCap Dividend Fund shares are currently tradin
In trading on Wednesday, shares of the iShares Fallen Angels USD Bond ETF (Symbol: FALN) crossed below their 200 day moving average of $24.85, changing hands as low as $24.83 per share. iShares Fallen Angels USD Bond shares are currently trading down about 0.3% on the day. Th
In trading on Wednesday, shares of the First Trust Enhanced Short Maturity ETF (Symbol: FTSM) crossed below their 200 day moving average of $59.51, changing hands as low as $59.46 per share. First Trust Enhanced Short Maturity shares are currently trading down about 0.3% on th
Panasonic, the Japanese tech giant, recently released 2023 earnings and the 2024 fiscal year forecast. The company calls for record net profits in the next twelve months and is the top holding in the KraneShares Electric Vehicles and Future Mobility ETF (KARS). The company reported overall sales growth year-over-year in 2023. However, operating profit declined due [...]
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In trading on Wednesday, shares of the Invesco S&P 500 Revenue ETF (Symbol: RWL) crossed below their 200 day moving average of $75.01, changing hands as low as $74.61 per share. Invesco S&P 500 Revenue shares are currently trading off about 0.9% on the day. The chart
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the DFAC ETF (Symbol: DFAC) where we have detected an approximate $360.1 million dollar inflow -- that's a 1.9% increase week over week in outstanding u
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 Biotech ETF (Symbol: XBI) where we have detected an approximate $401.2 million dollar inflow -- that's a 6.4% increase week over week i