5 ETF Areas Hitting Highs On Resurging Coronavirus Cases

The second wave of coronavirus infections is spreading rapidly all over the world. According to the latest study from the World Health Organization, there has been a record increase of 230,370 coronavirus cases in 24 hours across the globe. 

The United States has been at the forefront with more than 66,500 new cases confirmed in the past 24 hours. This was followed by India, which has seen a record surge of 28,637 cases, and South Africa, which has reported 13,497 new coronavirus cases in the same timeframe. The increase in new cases has sparked a broad-based resurgence in the pandemic that threatens to stunt the world’s reopening process and economic recovery.

As the pandemic situation is getting worse or not better, stock markets will see continued volatility in the weeks ahead. While many corners of the broad market are at risk, the resurgence in coronavirus cases will continue to drive the e-commerce boom. This is because people are choosing to stay indoors again, which in turn would boost demand for cloud computing, gaming, e-sports, streaming services as well as online shopping. Additionally, investors will continue to pile up software shares which are apparently more insulated from the impacts of the virus.

Below, we have highlighted some ETFs from these corners of the investing world. Investors should note that these are hitting new highs lately:

Cloud Computing

As people at large and companies across sectors are working remotely, cloud-based platforms and services have become essential. Cloud computing has encouraged video conferencing, gaming, e-commerce, remote project collaboration, online classes, and other programs. As such, Global X Cloud Computing ETF CLOUFirst Trust ISE Cloud Computing Index Fund (SKYY - Free Report)WisdomTree Cloud Computing Fund WCLD, and Wedbush ETFMG Global Cloud Technology ETF IVES could be exciting plays.

Video Streaming

Global streaming services are witnessing a huge surge in online viewership thanks to the rapid adoption of esports and increased video game usage. Investors could tap this trend through VanEck Vectors Video Gaming and eSports ETF ESPOETFMG Video Game Tech ETF (GAMR - Free Report)Global X Video Games & Esports ETF (HERO - Free Reportand Roundhill BITKRAFT Esports & Digital Entertainment ETF NERD.

Online Retail

Consumers have made a radical shift toward online shopping as people want to avoid direct contact or go outside. Amplify Online Retail ETF (IBUY - Free Report)Amplify International Online Retail ETF XBUYProShares Online Retail ETF (ONLN - Free Reportand ProShares Long Online/Short Stores ETF (CLIX - Free Reportare the most popular in this category.

Internet

Altogether, investors could capitalize the boom from different corners under one roof through ARK Next Generation Internet ETF (ARKW - Free Report)SPDR S&P Internet ETF (XWEB - Free Report)O’Shares Global Internet Giants ETF OGIGInvesco NASDAQ Internet ETF (PNQI - Free Reportand First Trust Dow Jones Internet Index (FDN - Free Report).

Cyber Security

In the present digital world, the need for cybersecurity is growing by leaps and bounds. This is because digital transformation has increased the risk of security breaches and threats. In fact, we have seen years worth of digital transformation in months amid the pandemic. ETFMG Prime Cyber Security ETF (HACK - Free Report)First Trust Nasdaq Cybersecurity ETF (CIBR - Free Report)iShares Cybersecurity, And Tech ETF IHAK and Global X Cybersecurity ETF BUG target the cybersecurity industry.

Disclosure: Zacks.com contains statements and statistics that have been obtained from sources believed to be reliable but are not guaranteed as to accuracy or completeness. References to any specific ...

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Moon Kil Woong 5 years ago Contributor's comment

You'd think there would be a Covid cure / medication ETF.