Top & Flop Zones At Half-Way Q1 & Their ETFs

Global X Cannabis ETF (POTX - Free Reporthas surged 113%. It seeks to invest in companies across the cannabis industry and tracks the Cannabis Index. It holds 25 stocks in its basket, with Canadian firms accounting for 79% of assets while the United States and Britain take 10.5% and 6.9% share, respectively. The product has accumulated $115.4 million in its asset base and trades in an average daily volume of 699,000 shares. Expense ratio comes in at 0.50%.

Blockchain

A crypto crazy run has pushed the blockchain ETF like Amplify Transformational Data Sharing ETF (BLOK - Free Reporthigher by 72.9%. This is especially true as bitcoin, the largest cryptocurrency, topped $51,000 for the first time ever. The crypto is up 73% so far this year. The fund is actively managed, providing investors global exposure to a basket of the leading companies engaged in the development and utilization of blockchain technologies. It has AUM of $617.6 million in its asset base and trades in average daily volume of 699,000 shares. The product holds a basket of 54 stocks with American firms dominating about 56.8% of the portfolio, followed by Asia Pacific (36.8%). The ETF has an expense ratio of 0.70%.

Worst Zones

Inverse Equity

As these ETFs benefit from a bear market, bullish market sentiments led to huge losses in this segment. AdvisorShares Dorsey Wright Short ETF (DWSH - Free Reporthas plunged 12.8% at midway Q1. It is an actively managed ETF that short sells U.S. large-cap securities with the highest relative weakness within an investment universe, primarily comprising large-capitalization U.S.-traded equities. It holds 102 stocks in its basket and charges a higher annual fee of 3.67%. The product trades in moderate average daily volume of 76,000 shares and has accumulated $32.3 million in its asset base.

Treasury

Soaring yields took all the sheen away from the U.S. Treasury market. This is especially true as 10-year yields jumped to the level not seen since February 2020 at 1.29%. With AUM of $344 million, PIMCO 25+ Year Zero Coupon U.S. Treasury Index ETF (ZROZ - Free Reporthas shed 11.3% so far this year. This ETF follows the BofA Merrill Lynch Long Treasury Principal STRIPS Index and holds 23 securities in its basket. Both effective maturity and effective duration of the fund are 27.33 years. The fund trades in a moderate average daily volume of 47,000 shares and charges 15 basis points (bps) in annual fees.

View single page >> |

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 ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.