To learn more about Main Management and how some of our strategies could help you with your investment needs, please contact Darol Ryan, our Head of Sales and National Accounts, at ryan@mainmgt.com. Also check out Main Management CEO Kim Arthur on Twitter and Main Management on LinkedIn. Read more at ETFtrends.com.
The Biden administration is calling for Congress to include regulations for cryptocurrency exchanges following Coinbase’s disclosures regarding customer funds in the event of bankruptcy that their assets could be included in bankruptcy proceedings, reported CoinDesk. The uproar began shortly after Coinbase filed its latest quarterly filing with the SEC and included language regarding a new [...] Read more at ETFtrends.com.
As gold’s price nears all-time highs, several fundamental factors could continue to build support for the precious metal’s price for the remainder of 2022 —and beyond. Gold miners, particularly gold royalty companies, could see benefits from these tailwinds. In the upcoming webcast, War, Safe Havens, and the Fed: Why Now Could Be Gold’s Time to [...] Read more at ETFtrends.com.
China country-specific exchange traded funds strengthened after the People’s Bank of China executed an unexpectedly deep cut to its benchmark reference rate for mortgages in a bid to revive the ailing housing sector and support the stumbling economy. On Friday, the iShares MSCI China ETF (NASDAQ: MCHI) rose 0.3% and the Xtrackers CSI 300 China A-Shares [...] Read more at ETFtrends.com.
When trading ETFs, there are many criteria to consider, such as the use of limit orders, market volatility, when to trade if the underlying markets are closed, and the liquidity of the ETF. Advisors typically look at the on-screen liquidity, which is gauged by its average daily volume (ADV). The on-screen or secondary market liquidity [...] Read more at ETFtrends.com.
Tesla (NasdaqGS: TSLA) shares plunged Friday, dragging down consumer discretionary sector-related exchange traded funds. On Friday, the Consumer Discretionary Select Sector SPDR (NYSEArca: XLY) fell 3.6%, the Vanguard Consumer Discretionary (NYSEArca: VCR) dropped 3.3%, and the Fidelity MSCI Consumer Discretionary Index (NYSEArca: FDIS) was down 3.5%. Meanwhile, Tesla shares declined 9.5% on Friday. TSLA makes up 20.7% [...] Read more at ETFtrends.com.
The Goldman Sachs Future Tech Leaders Equity ETF (GTEK) is up over 3% on Thursday as a week plagued by volatility for the general markets nears a close. GTEK uses an active, bottom-up approach to build a high-conviction portfolio of potential next generation tech leaders. These are firms at various growth stages that are developing [...] Read more at ETFtrends.com.
China, despite recent increases in coal consumption, is currently on a trajectory that will see it overachieve its internationally stated emissions targets for 2030, with emissions peaking by 2025. While it’s unknown what the recent growth in energy demand in China and the doubling down of coal reliance and fossil fuels in the short-term will [...] Read more at ETFtrends.com.
U.S. markets and stock exchange traded funds are reeling Friday, with the S&P 500 on pace to close in a bear market, as the major indices extend their longest weekly declines in over two decades. On Friday, the Invesco QQQ Trust (NASDAQ: QQQ) decreased 2.8%, the SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) declined 1.7%, and [...] Read more at ETFtrends.com.
The SPDR SSGA US Sector Rotation ETF is seeing unusually high volume in afternoon trading Friday, with over 386,000 shares traded versus three month average volume of about 44,000. Shares of XLSR were down about 1.7% on the day.
In trading on Friday, the iShares Latin America 40 ETF is outperforming other ETFs, up about 0.9% on the day. Components of that ETF showing particular strength include shares of Bancolombia, up about 4.8% and shares of Gerdau, up about 3.1% on the day.
South Korean e-commerce company Coupang reported the highest gross profit and gross profit margin in its history this week, helping it achieve profitability in one of its core segments. Total gross profit was $1.04 billion, up 42% from the year earlier, and the gross profit margin improved over 450 basis points from the previous quarter. Revenue for [...] Read more at ETFtrends.com.
Investor fear of higher inflation, rising interest rates, and a possible recession have whipsawed markets and pushed the S&P 500 into a bear market for the first time since early in the pandemic. The S&P 500 was down about 1.6% in intraday trading after just barely avoiding bear country. The Dow Jones Industrial Average, meanwhile, [...] Read more at ETFtrends.com.
Electric vehicle manufacturer Tesla (TSLA) is no longer the top holding in the ARK Innovation ETF (NYSEArca: ARKK). Per a report from Barron’s, Roku (ROKU) has usurped Elon Musk’s electric vehicle company as king of ARKK mountain, as the video streaming service provider now accounts for 8.4% of ARKK’s holdings. Tesla now accounts for 8.2% of [...] 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 Vanguard Real Estate ETF (Symbol: VNQ) where we have detected an approximate $219.8 million dollar inflow -- that's a 0.5% increase week over week i
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco Senior Loan ETF (Symbol: BKLN) where we have detected an approximate $191.6 million dollar outflow -- that's a 3.8% decrease week over week
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the HYLB ETF (Symbol: HYLB) where we have detected an approximate $199.8 million dollar outflow -- that's a 5.1% decrease week over week (from 112,587,5
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Lithium ETF (Symbol: LIT) where we have detected an approximate $172.8 million dollar outflow -- that's a 3.7% decrease week over week (from 65,004,
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the BBEU ETF (Symbol: BBEU) where we have detected an approximate $170.6 million dollar outflow -- that's a 1.9% decrease week over week (from 179,099,5
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 $193.9 million dollar outflow -- that's a 2.4% decrease week over week (from 3