Bonds See Inflow, Construction And Natural Gas Drop - ETF Winners And Losers: Small-Cap Flows
Portfolio Pulse from Johnny Rice
Small-cap ETFs have seen significant changes in net assets over the past week. SPDR Portfolio High Yield Bond ETF (SPHY) and JPMorgan Core Plus Bond ETF (JCPB) have seen increases in net assets, while iShares U.S. Home Construction ETF (ITB) and United States Natural Gas Fund LP (UNG) have seen decreases. The ITB fund's largest holdings are D.R. Horton, Inc. (DHI) and Lennar Corporation Class A (LEN), and it also invests in Home Depot (HD).
October 18, 2023 | 8:19 pm
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NEGATIVE IMPACT
DHI is a major holding in ITB, which saw a decrease in net assets over the past week.
As a major holding in ITB, DHI's price could potentially be impacted by the decrease in ITB's net assets.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
HD is a holding in ITB, which saw a decrease in net assets over the past week.
As a holding in ITB, HD's price could potentially be impacted by the decrease in ITB's net assets.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
ITB lost $136.30 million in net assets over the past week, indicating decreased investor interest.
The decrease in net assets indicates that investors are selling off their holdings in the fund, which could potentially drive down its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
LEN is a major holding in ITB, which saw a decrease in net assets over the past week.
As a major holding in ITB, LEN's price could potentially be impacted by the decrease in ITB's net assets.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
UNG lost $121.09 million in net assets over the past week, indicating decreased investor interest.
The decrease in net assets indicates that investors are selling off their holdings in the fund, which could potentially drive down its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
JCPB added $312.97 million in net assets over the past week, indicating increased investor interest.
The increase in net assets indicates that more investors are buying into the fund, which could potentially drive up its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
SPHY added $396.27 million in net assets over the past week, indicating increased investor interest.
The increase in net assets indicates that more investors are buying into the fund, which could potentially drive up its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100