Nasdaq ETFs

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itsel

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itsel

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itsel

Most bond investors believe that environmental, social, and governance (ESG) factors are important when making investment decisions but need more data than what’s out there. A survey of 111 fixed income investors conducted by analytics firm Coalition Greenwich found that 90% believe ESG is important to their decision-making, with more than half classifying  ESG as [...] Read more at ETFtrends.com.

Industry legend Kathleen Moriarty has passed away, according to her firm, Chapman and Cutler LLP. Moriarty had a trailblazing career as a lawyer, contributing to the development of exchange traded products and exchange traded funds, including the SPDRs. She was integral in developing the SPDR S&P 500 ETF (SPY), and other well-known exchange traded products. [...] Read more at ETFtrends.com.

Recent months have seen a marked resurgence in flows to US high-yield bond ETFs. Between September 9 to December 9, $5.4B of investor capital moved into the  53 funds in the category (as defined by ETF Central) with inflows of $2.7B in the past month alone. Given this turnaround in flow activity -  cumulative outflows across US high-yield bond ETFs currently stand at -$4.7B year-to-date - we take a closer look at what’s behind this renewed interest and possible implications for investors.  Short primer to high-yield bond ETFs First, it is important to iron out what high-yield bonds are, and their investment characteristics. Most investors think of bonds as “safe” investments that are held to protect their invested capital, while simultaneously providing a fixed return. This may be true for government bonds or bonds issued by high-quality borrowers, however for lower-quality borrowers, there is less certainty as to the actual return received from bonds issued. Companies often issue bonds to fund business activities, whether that be a growth project or an acquisition. Depending on the nature of the issuer of these bonds, they will receive a credit rating that essentially captures the likelihood that a company will be able to repay their bonds and interest. The  lower the credit rating of a company, the higher the interest rate they must pay to compensate for the risk that their investors are taking on. Companies that generate stable and predictable cash flows and carry little debt will receive a higher credit rating, while companies with volatile cash flows and/or carry a lot of debt will receive a lower credit rating. Below a certain threshold of credit ratings, some bonds are considered “high-yield” because of their inherent riskiness and higher interest rate. High-yield bond ETFs have a higher interest rate and potential return, however, they also have greater default risk. For more information on selecting a bond ETF, the article " does your choice of Bond ETF matter?" makes for a great read.  Why are investors interested in high-yield bond ETFs? Turning back to the main question – what are the implications of these inflows to high-yield bond ETFs?  The uptick to inflows within this asset class suggests that investors are willing to put more capital at risk. This has been spurred by lower-than-expected  inflation data, which is leading investors to sense that the Fed’s tightening may be slowing down. Furthermore, with all the uncertainty many investors have been sitting on cash, waiting for every/any positive datapoint in order to begin deploying cash into riskier investments. High-yield spreads have continued to widen since the beginning of 2022 – indicating lower prices and selling pressure on this asset class. These spreads still remain fairly wide, which shows that there may still be upside in the asset class. However, if inflation data ends up reversing its trend and moves in the wrong direction, this could cause spreads to widen again.  While this causes concern for short-term traders, long-term investors with a high-risk tolerance could consider increasing high-yield bond exposure due to its relatively attractive valuation (based on the growing ability of companies to manage costs and service debt) and potential for excess portfolio income and capital appreciation.   ETFs can provide a cost-effective way for investors to gain broad-based exposure to high-yield bonds, particularly given the enhanced transparency and liquidity features of the ETF structure when compared to investing in individual fixed-income securities for example. ETF Central’s  fund screener is a great tool for selecting a fund that aligns with your investment objectives, alternatively the following funds could be of interest:   iShares Broad USD High Yield Corporate Bond ETF ( USHY) Provides exposure to US high-yield corporate bonds by tracking the ICE BofAML US High Yield Constrained Index. Expense Ratio: 0.22% AUM: $9.2B 1mo Flows: +$749M 1mo Performance: +3.3% Xtrackers USD High Yield Corporate Bond ETF ( HYLB) Provides exposure to US high-yield corporate bonds by tracking the Solactive USD High Yield Corporates Total Market Index. Expense Ratio: 0.20% AUM: $4.2B 1mo Flows: +$362M 1mo Performance: +3.5% Invesco Senior Loan ETF ( BKLN) Provides exposure to leveraged loans within the US based on the Morningstar LSTA US Leveraged Loan 100 Index. Expense Ratio: 0.66% AUM: $4.1B 1mo Flows: +$116M 1mo Performance: +1.2% Data as of December 9, 2022. Please note this article is for information purposes only and does not constitute investment advice.

In a sign that solar power is gaining momentum, S&P MidCap 400 constituent First Solar Inc. (NASDAQ: FSLR) is moving on up to the S&P 500. The solar technology company and global provider of solar modules is replacing Fortune Brands Home & Security on the index. This move comes amid a backdrop of home solar [...] Read more at ETFtrends.com.

The First Trust RBA American Industrial Renaissance ETF is seeing unusually high volume in afternoon trading Tuesday, with over 191,000 shares traded versus three month average volume of about 37,000. Shares of AIRR were up about 0.6% on the day.

In trading on Tuesday, the Junior Gold Miners ETF is outperforming other ETFs, up about 4.5% on the day. Components of that ETF showing particular strength include shares of Iamgold, up about 25.3% and shares of Novo Resources, up about 12.2% on the day.

As part of its goal towards net zero emissions by 2050, Microsoft is backing a startup company dedicated to providing an alternative energy source to diesel generators. Moxion Power is focused on building battery-powered, mobile generator technology. The tech firm is getting backing from the Microsoft Climate Innovation Fund. “We design, engineer, and manufacture all [...] Read more at ETFtrends.com.

Top Performing Levered/Inverse ETFs Last Week These were last week’s top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly. Always do your homework. Ticker Name 1 Week Return (TSLQ ) AXS TSLA Bear Daily ETF 18.21% (TSLS ) Direxion Daily TSLA Bear 1X Shares 18.16% (TSLI ) GraniteShares 1x [...] Read more at ETFtrends.com.

By Stacey Morris, CFA, and Philip Segal Summary Even though midstream capital spending has moderated and reliance on debt has eased somewhat, credit ratings are still important for energy infrastructure companies. By weighting, investment-grade names make up the bulk of Alerian energy infrastructure indexes. Energy infrastructure indexes, particularly the MLP indexes, are providing yields that [...] Read more at ETFtrends.com.

SUMMARY Transitions we are anticipating for 2023: From inflation to recession From the pandemic to geopolitics From a Bear Market to a potential Bull, once depth of recession is known Summary 2023 Outlook: A Market in Transition Market Bottoming is a process, not an event; messy first half of ’23, stronger finish, in our view [...] Read more at ETFtrends.com.

In this article, I examine the effect of the Fed’s actions on major markets and provide a near-term (1-2 quarters) market outlook. Let me first identify my target audience. Some investors and advisors follow the buy-and-hold, passive investing approach. They are convinced that stocks go up in the long run, and that they needn’t worry [...] Read more at ETFtrends.com.

While 2022 has been a historically bad year for bond markets, U.S. high yield bonds told a different story. So-called junk bonds outperformed most fixed income sectors, with significant performance dispersion across industry sectors and credit rating categories. In particular, single-B high yield fixed income indexes may offer the opportunity for potential outperformance going forward. [...] 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 iShares S&P GSCI Commodity-Indexed Trust, where 6,300,000 units were destroyed, or a 9.5% 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 Invesco S&P 500 Pure Value ETF, which added 14,540,000 units, or a 32.1% increase week over week. Among the largest underlying components of

ETF investment and technology platform Tidal Financial Group announced the launch of two ETFs that pursue a synthetic covered call strategy on Tesla Inc. (TSLA) and on the ARK Innovation ETF (ARKK). The YieldMax TSLA Option Income Strategy ETF (NYSE Arca: TSLY) and the YieldMax Innovation Option Income Strategy ETF (NYSE Arca: OARK) are actively managed by ZEGA [...] 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 ProShares Ultra S&P500 (Symbol: SSO) where we have detected an approximate $245.3 million dollar outflow -- that's a 8.7% 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 Portfolio Short Term Corporate Bond ETF (Symbol: SPSB) where we have detected an approximate $73.5 million dollar outflow -- that's a 1.0% decr