ETF Winners And Losers: Small-Cap Returns - Oil and Natural Gas Up, ARKW Down Over 5%
Portfolio Pulse from Johnny Rice
A screening of small-cap ETFs revealed the largest positive and negative returns of the week. iShares U.S. Oil & Gas Exploration & Production ETF (IEO) and United States Natural Gas Fund LP (UNG) were the winners, with returns of 5.16% and 4.86% respectively. ARK Next Generation Internet ETF (ARKW) and Invesco WilderHill Clean Energy ETF (PBW) were the losers, with returns of -5.27% and -4.71% respectively.
July 26, 2023 | 6:45 pm
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POSITIVE IMPACT
iShares U.S. Oil & Gas Exploration & Production ETF (IEO) is up 5.16% over the trailing week.
The increase in IEO's value is likely due to the movements in the price of crude oil.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
United States Natural Gas Fund LP (UNG) was up 4.86% on the week.
The increase in UNG's value is likely due to the movement of the price of natural gas.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
ARK Next Generation Internet ETF (ARKW) is down 5.27% over the trailing week.
The decrease in ARKW's value could be due to a shift in investor sentiment towards technology infrastructure stocks.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Invesco WilderHill Clean Energy ETF (PBW) was down 4.71% on the week.
The decrease in PBW's value could be due to a shift in investor sentiment towards green energy stocks.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100