After Election, Argentine ETF Pops, While This Global Solar Play Slumps - ETF Winners And Losers: Micro-Cap Returns
Portfolio Pulse from Johnny Rice
Micro-cap ETFs, with AUM under $400 million, saw varied performance over the past week. Breakwave Dry Bulk Shipping ETF (BDRY) rose 21.03%, while Global X MSCI Argentina ETF (ARGT) increased by 7.51% following the Argentine election. Conversely, Simplify Tail Risk Strategy ETF (CYA) and Global X Solar ETF (RAYS) fell by 13.52% and 6.40%, respectively. BDRY and ARGT have shown positive year-to-date (YTD) returns, whereas CYA and RAYS have experienced significant declines YTD.
November 28, 2023 | 8:48 pm
News sentiment analysis
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NEGATIVE IMPACT
Simplify Tail Risk Strategy ETF (CYA) experienced a decline of 13.52% over the past week, with a significant YTD drop of 95.05%.
CYA's significant weekly and YTD losses could indicate ongoing investor concerns, likely leading to continued short-term downward pressure on the ETF's price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Global X Solar ETF (RAYS) saw a decrease of 6.40% over the last week, contributing to a YTD decline of 42.59%.
The recent drop in RAYS could reflect broader market sentiment towards the solar sector, potentially leading to further short-term declines in the ETF's price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Global X MSCI Argentina ETF (ARGT) increased by 7.51% on the week, with YTD returns up 49.64%, potentially due to positive market reactions post-Argentine election.
The rise in ARGT's value could be attributed to investor optimism following the Argentine election, which may continue to positively influence the ETF in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Breakwave Dry Bulk Shipping ETF (BDRY) saw a significant increase of 21.03% over the past week, despite being down 15.45% YTD.
The substantial weekly gain for BDRY suggests positive short-term momentum, which could attract investor interest, potentially leading to further short-term gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90