ETFS

In this article, we examine the significant weekly order flow and market structure developments driving XLE price action. As noted in last week’s XLE Weekly, the primary expectation for this week’s auction was for price discovery lower within the context of an incomplete corrective phase from 64.60s. This week’s primary expectation did play out as
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As seen in the following table of returns provided by Seeking Alpha, shares of the United States Gasoline ETF (UGA) seem to have formed a short-term bottom with prices appreciating after a month of declines. It is my belief that the current supply and demand balance for gasoline as well as the rolling factors of
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The India Fund (IFN) provides investors exposure to Indian stocks through an actively-managed closed-end fund with a stated objective of long-term capital appreciation. The expense ratio is 1.32% and the distribution yield based on the current quarterly rate of $0.59 is 11.9% on the market price. The fund also has a history of distributing additional
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Argentina has a habit of surprising investors. Since 2014, the country has had four major currency devaluations with the last occurring early Monday morning as the conservative Argentine president Mauricio Macri suffered a major defeat in primary elections. The Global X MSCI Argentina ETF (ARGT) lost roughly a quarter of its value while the Argentine
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StoneCastle Financial Corp. (BANX) is a closed-end fund focused on the community banking sector across the US, with total assets of ~$165 million. StoneCastle Partners, the ultimate owner of the Fund’s manager manages BANX as part of a much broader community banking focused business with $17 billion in assets under management or advisement. BANX’s investing
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Distribution cuts were relatively mild and infrequent this month with just one double-digit cutter. That was the Templeton Global Income (GIM) fund which cut the distribution by 10.6% to $0.032 from $0.036. The cut is not surprising given the fall in global yields. GIM tends to adjust the distribution each month based on the current
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A typical analysis from policy makers, like the Federal Reserve, points out that activity in the housing market has declined so far this year; but that assertion focuses primarily on housing starts. A more complete picture from the national data shows that the housing market bounced back strongly in the 2019 first quarter from a
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Photo Source: REUTERS/Brendan McDermid. Traders look on as a screen shows Federal Reserve Chairman Jerome Powell’s news conference after the U.S. Federal Reserve interest rates announcement on the floor of the New York Stock Exchange on July 31, 2019. For the month, 81% of all closed-end funds (BATS:CEFS) posted net asset value (NYSE:NAV)-based returns in
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For the first week in eight, Lipper’s fund asset groups (including both mutual funds and exchange-traded funds) suffered overall net outflows as slightly more than $8.3 billion left their coffers during the fund-flows trading week ended Wednesday, July 31. The net negative flows were driven by money market funds (-$14.1 billion) while all other asset
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The Soro Enshi container ship sails from Yangshan Deep Water Port in Shanghai on July 10, 2018. A parliamentary committee in India said China is dumping products in their country. Photographer: Qilai Shen/Bloomberg. China is dumping products in India, an Indian parliamentary panel suggested recently. As the trade war goes on unabated, China’s trade practices
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In this article, we examine the significant weekly order flow and market structure developments driving XLU price action. The highest probability path for this week was for price discovery lower within the context of an uncompleted corrective phase following June’s stopping point high and July’s retest. This week’s primary expectation did not play out as
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(Photo by Mark Schiefelbein- Pool/Getty Images) Chinese corporations are all over Africa.  In June 2017 a McKinsey & Company report estimated that there are more than 10,000 Chinese-owned firms operating in Africa. What are Chinese corporations doing in Africa? That’s a highly controversial issue. The reason Chinese corporations are in Africa is simple; to exploit the
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(Pic Sourced Here) Investors are knee-deep in earnings season and once again we’re here to tell you that if you’re not reading FactSet’s amazing Earnings Insight Report on the S&P 500 (Click Here (pdf)), you’re doing yourself a serious disservice. Their weekly updates can offer a tremendous amount of actionable insights for investors, but the
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How much should you invest outside the U.S.? Photo: Tobias Schwarz/AFP/Getty Images) One critical question for all stock investors is, what should my international exposure be? Unfortunately, here investors can be their own worst enemy. This issue may end up hurting performance, or increasing risk, or both. On average, U.S. investors hold around 15% of their
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IBM Chief Human Resource Officer Diane Gherson Diane Gherson/IBM When it comes to the forefront of the global human resources landscape, Diane Gherson is someone you want to know. As Chief Human Resource Officer at IBM, Diane has helped to revolutionize IBM over the past 13 years. Under her leadership, she has transformed global workforce
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Share to facebook Share to twitter Share to linkedin Shutterstock To become a “Dividend Aristocrat,” a dividend paying company must accomplish an incredible feat: consistently increase shareholder dividends every year for at least 20 consecutive years. Companies with this kind of track record tend to attract a lot of investor attention — and furthermore, “tracking”
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As you can see in the following table, the performance of the ProShares Ultra VIX Short-Term Futures ETF (UVXY) has performed fairly poorly for several years. In this article, I will explain exactly why UVXY has such poor performance, as well as point out specific catalysts that suggest further above-average downside is in the cards
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Share to facebook Share to twitter Share to linkedin Shutterstock 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 itself. 
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Shutterstock Wall Street is working on a new platform which will ease the trading, storing and spending digital assets. That’s bullish for bitcoin and other cryptocurrencies. It will help them gain acceptance among investors, merchants and consumers. Last week, Intercontinental Exchange (ICE) announced plans to form a new company, Bakkt, with the purpose to create
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Despite new all-time highs for the Spiders and QQQ ETFs, the technical dynamics remain the same. Diamonds, Spiders and QQQ have positive but overbought weekly charts, while transports and Russell 2000 have positive weekly charts. The five ETFs straddle semiannual pivots. Spiders, QQQ, transports and Russell 2000 are above semiannual pivots while Diamonds is not.
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