Crypto News 

Analysts: Bitwise ETF Rejection Could Spell Doom for the Industry

“The Bitwise proposal for a bitcoin exchange-traded fund (ETF) was recently knocked to the side by the Securities and Exchange Commission (SEC)” writes Nick Marinoff for livebitcoinnews.com. This was bad news all by itself, but many analysts are seeing the rejection as a sign of how the industry will wind up.Chris Hempstead of Deutsche Bank says that if companies want to see a bitcoin ETF get approved, they need to do all they can to enhance “safe practices” in the trading space.They expect that a bitcoin ETF will have a…

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News 

Tuesday’s ETF with Unusual Volume: IGE

“The iShares North American Natural Resources ETF is seeing unusually high volume in afternoon trading Tuesday, with over 664,000 shares traded versus three month average volume of about 141,000” writes Bnk Invest for nasdaq.com. Components of that ETF with the highest volume on Tuesday were Chesapeake Energy, trading up about 2.2% with over 17.4 million shares changing hands so far this session, and Jagged Peak Energy, up about 2.1% on volume of over 14.5 million shares.Delek US Holdings is the component faring the best Tuesday, up by about 7.3% on…

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News 

Tuesday’s ETF Movers: IHF, GDXJ

“In trading on Tuesday, the iShares U.S. Healthcare Providers ETF is outperforming other ETFs, up about 4.2% on the day” writes Bnk Invest for nasdaq.com. Components of that ETF showing particular strength include shares of UnitedHealth Group, up about 7.7% and shares of Anthem, up about 7% on the day.And underperforming other ETFs today is the Junior Gold Miners ETF, down about 2% in Tuesday afternoon trading.Among components of that ETF with the weakest showing on Tuesday were shares of Great Panther Mining Limited, lower by about 12.6%, and shares…

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News 

IUSG, MDT, TMO, AVGO: Large Inflows Detected at ETF

“Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs” writes Bnk Invest for nasdaq.com. Exchange traded funds (ETFs) trade just like stocks, but instead of ”shares” investors are actually buying and selling ”units”.Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P U.S. Growth ETF (Symbol: IUSG) where we have…

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News 

Implied MOAT Analyst Target Price: $56

“For the Morningstar Wide Moat ETF (Symbol: MOAT), we found that the implied analyst target price for the ETF based upon its underlying holdings is $56.24 per unit” writes Bnk Invest for nasdaq.com. 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.A high price target relative to a stock’s trading price can reflect optimism…

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News 

The Implied Analyst 12-Month Target For IYG

“For the iShares U.S. Financial Services ETF (Symbol: IYG), we found that the implied analyst target price for the ETF based upon its underlying holdings is $150.50 per unit” writes Bnk Invest for nasdaq.com. 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.Although LPLA has traded at a recent price of $74.07/share, the average…

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News 

Noteworthy ETF Inflows: ITB, DHI, LEN, PHM

“Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs” writes Bnk Invest for nasdaq.com. Exchange traded funds (ETFs) trade just like stocks, but instead of ”shares” investors are actually buying and selling ”units”.Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Source:…

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News 

GUSH, USOU: Big ETF Inflows

“Bull 3X Shares (GUSH), which added 11,150,000 units, or a 19.0% increase week over week” writes Bnk Invest for nasdaq.com. And on a percentage change basis, the ETF with the biggest increase in inflows was the USOU ETF (USOU), which added 250,000 units, for a 35.7% increase in outstanding units. Source: nasdaq.com

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News Stocks 

Schwab to drop commissions on U.S. stock, ETF and options trades, slamming online broker stocks

“Beginning October 7, every Schwab client can trade U.S. stocks, ETFs and options commission-free” writes Ciara Linnane for marketwatch.com. Charles Schwab Corp. shares SCHW, -9.73% fell sharply in premarket trade Tuesday, after the company said it is planning to drop commission on U.s. stocks, ETFs and options effective Oct. 7.Schwab currently charges clients $4.95 per stock, ETF and option trade.The news sent shares of rivals sharply lower with TD Ameritrade Holding Corp.Eliminating commissions ensures my ultimate vision is realized — making investing accessible to all.”.  Source: marketwatch.com

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Tuesday’s ETF Movers: GDXJ, OIH

“In trading on Tuesday, the Junior Gold Miners ETF (GDXJ) is outperforming other ETFs, up about 1.9% on the day” writes Bnk Invest for nasdaq.com. Components of that ETF showing particular strength include shares of Sibanye-Stillwater (SBGL), up about 5.4% and shares of Semafo (SMF.CA), up about 4.7% on the day.And underperforming other ETFs today is the Oil Services ETF (OIH), off about 3.7% in Tuesday afternoon trading.Among components of that ETF with the weakest showing on Tuesday were shares of Valaris (VAL), lower by about 9.5%, and shares of…

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