For investors seeking momentum, iShares MSCI Italy Capped ETF (EWI - Free Report) is probably on radar now. The fund just hit a 52-week high of $28.58. Shares of EWI are up roughly 45.7% from their 52-week low price of $19.62/share.
But could more gains be ahead for this ETF? Let’s take a quick look at the fund and the near-term outlook to get a better idea on where it might be headed:
EWI in Focus
The fund looks to track the performance of the price and yield performance of MSCI Italy 25/50 Index. The fund has a focus toward Financials (34.77%) and charges 48 bps in total fees (see all European Equity ETFs here).
Why the Move?
Italian stocks have been one of the best performers in recent sessions. Though the economy is still struggling, its beleaguered banking sector seems to have improved from before. The recovering Euro zone overall is benefiting Italian assets, as per analysts.
More Gains Ahead?
The fund has a positive weighted alpha of 29.60. A positive weighted alpha hints at more gains. As a result, there is definitely still some promise for investors who want to ride on this surging ETF.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
For investors seeking momentum, iShares MSCI Italy Capped ETF (EWI - Free Report) is probably on radar now. The fund just hit a 52-week high of $28.58. Shares of EWI are up roughly 45.7% from their 52-week low price of $19.62/share.
But could more gains be ahead for this ETF? Let’s take a quick look at the fund and the near-term outlook to get a better idea on where it might be headed:
EWI in Focus
The fund looks to track the performance of the price and yield performance of MSCI Italy 25/50 Index. The fund has a focus toward Financials (34.77%) and charges 48 bps in total fees (see all European Equity ETFs here).
Why the Move?
Italian stocks have been one of the best performers in recent sessions. Though the economy is still struggling, its beleaguered banking sector seems to have improved from before. The recovering Euro zone overall is benefiting Italian assets, as per analysts.
More Gains Ahead?
The fund has a positive weighted alpha of 29.60. A positive weighted alpha hints at more gains. As a result, there is definitely still some promise for investors who want to ride on this surging ETF.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on EWI - FREE