TradingMarkets 7 ETFs You Need to Know for Friday
Emerging markets ETFs were on the rebound late in trading on Thursday, with one of the more widely-traded fund indexed to the Chinese stock market up more than 10%. India and Japan-related ETFs were also strongly higher on the day.
Among the more impressive performances on Thursday was that of small cap stocks. A leading Russell 2000 indexed ETF gained more than 5%, while short and
leveraged short stock index exchange-traded funds pulled back, dramatically in some instances.
Here are 7 ETFs You Need to Know for Friday.
The India Fund, IFN
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Leaping higher by more than 11% on Thursday, the iShares FTSE/Xinhua 25 ETF, FXI
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PowerRating), still trades below its 200- and 5-day moving averages – the latter for the ninth trading session in a row.
The iShares Russell 2000 Trust EFT, IWM
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PowerRating), closed back above its 200-day moving average for first time since slipping back below that level on Monday.
Among the bigger declines among widely-traded ETFs, the 16% drop in the ProShares UltraShort Financials exchange-traded fund, SKF
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PowerRating), on Thursday brought the fund below its 200-day moving average.
At the same time, the increasingly overbought ProShares Ultra Financials ETF, UYG
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PowerRating), was up more than 18% on Thursday. UYG trades below its 200-day moving average and closed above its 5-day moving average for the first time in seven days.
The Thursday pullback in the ProShares UltraShort S&P 500 ETF, SDS
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PowerRating), brought the fund down by more than 7%. SDS still trades more than 10 points above its 200-day moving average.
Soaring yesterday, the Select Gold Shares SPDRS, GLD
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PowerRating), finished Thursday near the lows of the session. The EFT, trading below its 200-day moving average, remains exceptionally overbought.
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