Cathie Wood's ARKK Sinks Nearly 8% On The Week- ETF Winners And Losers: Mid-Cap Returns
Portfolio Pulse from Johnny Rice
The article discusses the performance of mid-cap ETFs over the past week. Global X Uranium ETF (URA) and J.P. Morgan Alerian MLP Index ETN (AMJ) were the winners, with URA up 4.59% and AMJ down 1.56%. The losers were ARK Innovation ETF (ARKK) and Vanguard Extended Duration Treasury ETF (EDV), with ARKK down 7.64% and EDV down 6.76%. The largest holdings of these ETFs include companies like Cameco Corporation (CCJ), Sprott Physical Uranium Trust, Magellan Midstream Partners LP (MMP), Enterprise Products Partners LP (EPD), Tesla, Inc. (TSLA), and Zoom Video Communications, Inc. Class A (ZM).
September 26, 2023 | 8:51 pm
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NEGATIVE IMPACT
J.P. Morgan Alerian MLP Index ETN (AMJ) was down 1.56% on the week.
The negative performance of AMJ over the past week could lead to a short-term decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
ARK Innovation ETF (ARKK) was down 7.64% on the week.
The negative performance of ARKK over the past week could lead to a short-term decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Vanguard Extended Duration Treasury ETF (EDV) is down 6.76% over the trailing week.
The negative performance of EDV over the past week could lead to a short-term decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Global X Uranium ETF (URA) was up 4.59% over the past week.
The positive performance of URA over the past week could lead to a short-term increase in its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100