News 

These are the companies that open — and close — the most ETFs

“An earlier version of this story showed one chart with incorrect number for closures as a percent of total funds” writes Andrea Riquier for marketwatch.com. The chart below shows how many funds each company has closed over the past five years as a percentage of the total number it currently has open.Proshares builds products for traders, not buy-and-hold investors, he noted. “That is by definition going to be fickle. Source: marketwatch.com

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Implied IVW Analyst Target Price: $203

“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” writes Bnk Invest for nasdaq.com. Similarly, ADS has 29.01% upside from the recent share price of $108.04 if the average analyst target price of $139.38/share is reached, and analysts on average are expecting TFX to reach a target price of $386.36/share, which is 18.19% above…

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Surprising Analyst 12-Month Target For IJT

“Although STRA has traded at a recent price of $138.54/share, the average analyst target is 40.75% higher at $195.00/share” 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.For the iShares S&P Small-Cap 600 Growth ETF (Symbol: IJT), we found that the implied analyst target price for the ETF based…

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Analysts Forecast 10% Gains Ahead For The Holdings of VB

“For the Vanguard Small-Cap ETF (Symbol: VB), we found that the implied analyst target price for the ETF based upon its underlying holdings is $176.35 per unit” writes Bnk Invest for nasdaq.com. Although RUBY has traded at a recent price of $10.95/share, the average analyst target is 117.65% higher at $23.83/share.With VB trading at a recent price near $160.00 per unit, that means that analysts see 10.22% upside for this ETF looking through to the average analyst targets of the underlying holdings.A high price target relative to a stock’s trading…

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News Stocks 

89bio’s stock surges in public debut, as stock opens 25% above IPO price

“ETNB, +26.56% surged in their public debut Monday, with their first trade being 25% above the $16 initial public offering price” writes Reporter Editor for marketwatch.com. The company sold 5.3 million shares to raise $84.8 million, while the IPO pricing valued the company at about $193 million.The first trade on the Nasdaq for the San Francisco-headquartered, but Israeli-based clinical-stage biopharmaceutical company’s stock was at $20 at 11:36 a.m. The company went public at a time the Renaissance IPO ETF IPO, +0.35% has lost 6.6% over the past three months and…

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Monday’s ETF with Unusual Volume: IWB

“The iShares Russell 1000 ETF is seeing unusually high volume in afternoon trading Monday, with over 1.8 million shares traded versus three month average volume of about 855,000” writes Bnk Invest for nasdaq.com. Components of that ETF with the highest volume on Monday were Chesapeake Energy, trading down about 4.8% with over 28.2 million shares changing hands so far this session, and Advanced Micro Devices, off about 0.1% on volume of over 23.7 million shares.Qurate Retail is the component faring the best Monday, up by about 10.4% on the day,…

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How The Parts Add Up: FXL Headed For $75

“Although RP has traded at a recent price of $54.11/share, the average analyst target is 29.98% higher at $70.33/share” writes Bnk Invest for nasdaq.com. For the First Trust Technology AlphaDEX Fund ETF (Symbol: FXL), we found that the implied analyst target price for the ETF based upon its underlying holdings is $74.95 per unit.A high price target relative to a stock’s trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past.With FXL trading…

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Insiders Buy the Holdings of BJK ETF

“Eldorado Resorts Inc (Symbol: ERI), which makes up 1.18% of the Gaming ETF (BJK), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data” writes Bnk Invest for nasdaq.com. The table below details the recent insider buying activity observed at ERI: 10 ETFs With Stocks That Insiders Are Buying » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Source: nasdaq.com

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Adventurous investors can take a rocket ride with this new space ETF

“One goal of the S-Network Space Index index was for it to be tracked by an ETF, so stock-trading liquidity was a very important consideration” writes Investing Columnist for marketwatch.com. Space Investment Services developed the S-Network Space Index, which is licensed by UFO. (UFO invests at least 80% of its portfolio in components of the index.) Space has been recapturing the public’s imagination. Source: marketwatch.com

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News Stocks 

A wildly popular trade that involves buying proven stock-market winners just saw its biggest outflow on record

“Those investors have continued to flee this month, with $155 million pulled from the momentum ETF on Nov. 5 alone” writes Finanzen Net Gmbh for businessinsider.com. Investors pulled a record $1.6 billion from momentum-focused exchange-traded funds last month, according to Bloomberg data going back to 2012. Both growth and momentum strategies have dominated the more than 10-year bull market as historically easy monetary conditions have reset investor valuation thresholds.Here are the top weightings in the ETF, ranked by current market value: The rotation away from the momentum trade comes as…

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