Shares of Take-Two Interactive Software Inc. (NASDAQ: TTWO) hit 52-week highs on Wednesday and continue to trade higher during the COVID-19 pandemic and new console releases.
Will Hershey, the Co-Founder of Roundhill Investments shared his thoughts on Take-Two, which is a top 10 holding of the Roundhill BITKRAFT Esports & Digital Entertainment ETF (NYSE: NERD).
Success of GTA V: Hershey said Take-Two is having success with its "Grand Theft Auto V" game and its strong user engagement online. Hershey said “Grand Theft Auto V” ...Full story available on Benzinga.com Continue Reading »
More Workhorse Group Inc (NASDAQ: WKHS) shares were added to one of Cathie Wood’s Ark ETFs Wednesday.
What Happened: Wood added 153,000 shares of Workhorse to the Ark Autonomous Technology & Robotics ETF (BATS: ARKQ).
The ETF now owns 1.36 million shares of Workhorse. The stock is the 18th largest position in the ETF with assets of $27.8 million and makes up 2.4% of the fund’s assets.
Why ...Full story available on Benzinga.com Continue Reading »
Gold is hot this year and the miners are even hotter, a scenario bringing more light to the various leveraged exchange traded products that provide access to the companies extracting gold from the earth.
What Happened: In other words, it's a good time for traders to consider some fresh approaches to bullion miners. REX Shares, the issuer behind the MicroSectors lineup of leveraged exchange traded notes, has those traders covered with a pair of new exchange traded notes (ETNs).
The MicroSectors Gold Miners Leveraged 3X ETN (NYSE: GDXU) and the MicroSectors Gold Miners -3X Inverse Leveraged ETN (NYSE: GDXD) launch Thursday, joining well-known products, such as the MicroSectors™ FANG+™ Index 3X Leveraged ETN ...Full story available on Benzinga.com Continue Reading »
Tesla (NASDAQ: TSLA) is one of the gold standards when it comes to disruptive companies, but its ability to alter industries may not be confined to electric vehicles and clean energy.
What Happened: As has been widely noted over the course of Tesla's stunning year — one that's seen the shares climb 580% — the stock is affecting myriad exchange traded funds in positive ways. One of those funds is the ARK Autonomous Technology & Robotics ETF (CBOE: ARKQ).
Actively managed ARKQ merits a place in the Tesla ETF conversation because it allocates 11.67% of its weight to the stock, one of the largest such allocations among all ETFs.
Companies in ARKQ “are focused on and are expected to substantially benefit from the development of new products or services, technological improvements and advancements in scientific research ...Full story available on Benzinga.com Continue Reading »
The year has seen strength in gaming stocks due to more gamers during the COVID-19 pandemic. New consoles from Sony Corporation (NYSE: SNE) and Microsoft Corporation (NASDAQ: MSFT) have also helped boost the gaming sector.
Sony the Winner: Roundhill Investments Co-Founder and CEO Will Hershey joined Benzinga’s SPACs Attack show on Wednesday to share his thoughts on the console war. Roundhill runs the Roundhill BITKRAFT Esports & Digital Entertainment ETF (NYSE: NERD).
“It’s becoming pretty clear that PlayStation at least right now appears to be winning the battle,” Hershey ...Full story available on Benzinga.com Continue Reading »
Stocks with high dividend yields are almost always tempting, but that's even more so in today's climate of paltry bond yields, barely noticeable returns on cash and historically low interest rates.
What To Know: Despite the obvious allure, high-yield equities come with obvious risks, namely the possibility of strained balance sheets that can't support current dividend obligations let alone future payout growth. That much was on display earlier this year when many of the S&P 500 member firms that cut distributions in the first half of 2020 were considered high dividend names at the name of those reductions.
A new exchange-traded fund attempts to bring some level of safety to high-yield equity investing. The KFA ...Full story available on Benzinga.com Continue Reading »
The November rally in U.S. equities may be garnering most of the attention (especially as we get closer to having a COVID-19 vaccine) but don’t sleep on China.
Among Direxion’s stable of leveraged ETFs, two of the five top-performing funds year to date provide magnified exposure to China. Here’s a breakdown of what has driven each fund higher.
Daily CSI 300 China A Share Bull 2X Shares
The Direxion Daily CSI 300 China A Share Bull 2X Shares (NYSE: CHAU) finds itself higher by about 17% over the past month. The ETF, which aims to deliver 200% the daily performance of the CSI 300 Index, has been propelled to its current levels thanks to strength across a surprising array of consumer-driven sectors including financials as well as consumer staples and discretionary stocks.
Standouts within the ETF include China Merchants Bank (Pink: CIHKY), higher by about 25% in November, and appliance manufacturers Gree Electric and Midea Group, which both rose about 15% during the month.
Bolstering these and other Chinese A-share equities in the index are strong consumer spending numbers. However, those spending numbers aren’t from Chinese consumers. Instead, these A-shares are being supported through strong export numbers to consumer economies outside of China, in neighboring countries like ... Continue Reading »
The Energy Select Sector SPDR Fund (NYSE: XLE) has more than tripled the return of the S&P 500 over the past month as investors are piling into energy stocks in anticipation of an oil market rebound in 2021 and beyond.
With WTI crude oil prices now back above $44 for the first time since before the pandemic, S3 Partners analyst Ihor Dusaniwsky said energy stock short sellers took quite a beating in the past month. Energy stock short sellers endured $6.35 billion in net mark-to-market losses in November.
Energy sector short interest now totals $27.8 billion, and short sellers covered just $394 million of their aggregate positions during the month despite heavy losses. Dusaniwsky said the short selling data does not support ...Full story available on Benzinga.com Continue Reading »
These are go-go days for small-cap stocks and the related exchange-traded funds. The widely followed Russell 2000 Index jumped 18.29% in November, good for its best monthly performance on record.
On Tuesday, the first trading day of December, nearly a dozen small-cap ETFs hit all-time highs. Some market observers believe recent small stock bullishness is more a start than a finish. In fact, Jefferies sees small caps, backed by 40% earnings growth, topping large-cap names next year.
With December looking it will be kind to stocks and with the aforementioned tailwinds in place for 2021, investors may want to consider any and all of the following small-cap ETFs over the near-term.
Invesco S&P SmallCap Information Technology ETF (PSCT)
The Invesco S&P SmallCap Information Technology ETF (NASDAQ: PSCT) is one of the small-cap ETFs that hit an all-time high ...Full story available on Benzinga.com Continue Reading »
Infrastructure investing, be it via individual stocks or exchange-traded funds, is often a tantalizing prospect, particularly in election years, but the asset class often vexes investors.
What To Know: Fact is politicians and candidates often make audacious promises about spending to shore up airports, bridges, railroads, streets and that was the case during this year's presidential campaign with both President Trump and now President-Elect Biden floating some big infrastructure numbers.
In part, those promises explain why the Global X U.S. Infrastructure Development ETF (CBOE: PAVE) jumped 16.55% in November. The $661.79 million PAVE tracks the INDXX U.S. Infrastructure Development Index.
Why It's Important: Another fact about infrastructure investing is that politicians' promises on this issue rarely hold up. After all, Congress hasn't passed a comprehensive infrastructure package since the Eisenhower Administration even though it's a rare bipartisan issue ...Full story available on Benzinga.com Continue Reading »
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