Send Thanks! A link has been sent. Done Social Media ETF Struggles to Recapture 2013 Magic By ETFtrends.com May 9, 2014 8:00 AM 0 shares Content preferences Done On above average volume the Global X Social Media Index ETF ( SOCL ) posted a gain of just under 1% Thursday. That is of little compensation to investors that have dealt with SOCLs 11% dive over the past month. Down more than 22% in just the past 90 days, the once high-flying SOCL entered a bear market, defined by a decline of 20% or more, several weeks ago.
This week IWM closed under its 200-day moving average for the first time since November 2012, and the small cap ETF has flirted with correction territory . Market watchers are debating whether the small-cap slump will help drag down the S&P 500 /quotes/zigman/3870025/realtime SPX , or whether the Russell original site 2000 /quotes/zigman/2759624/realtime RUT will bounce back, putting an end to its divergence from the big-cap index. Heres some of the trader chatter on Twitter: MarketWatchs columnist Jonathan Burton has said small caps slide could have a silver lining, namely a rebound in this years second half , but another MarketWatch column by Dave Fry says the drop reflects a market in trouble . What do you think?
SPDR Barclays High Yield Bond ETF Experiences Big Outflow - NASDAQ.com
Problem is, no one wants to put money into it. Foreign-exchange ETFs have seen investors withdraw $1.1 billion this year, or 23 percent of assets, according to data compiled by Bloomberg that tracks 47 funds. Thats more than double the amount from funds investing in commodities, the only other sector to suffer outflows. The lack of demand underscores the ills facing the $5.3 trillion-a-day currency market , where returns are dwindling as the volatility investors exploit for profit drops to levels not experienced since before the financial crisis. Parker Global Strategies LLCs Global Currency Managers Index, which tracks the performance of 14 hedge funds it considers the best in class, slid 1.5 percent last month, the most since July.
ETF Bonanza Skirts $5.3 Trillion Market on Outflows: Currencies - Bloomberg
The chart below shows the one year price performance of JNK, versus its 200 day moving average: Looking at the chart above, JNK's low point in its 52 week range is $38.21 per share, with $41.95 as the 52 week high point - that compares with a last trade of $41.29. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average . Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.