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The Zacks Analyst Blog Highlights HDGE, DWSH RRH, BTAL, and PFIX
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For Immediate Release
Chicago, IL – July 5, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. ETF recently featured in the blog include: AdvisorShares Ranger Equity Bear ETF (HDGE - Free Report) , AdvisorShares Dorsey Wright Short ETF (DWSH - Free Report) , Advocate Rising Rate Hedge ETF , AGFiQ US Market Neutral Anti-Beta Fund (BTAL - Free Report) and Simplify Interest Rate Hedge ETF (PFIX - Free Report) .
Here are highlights from Friday’s Analyst Blog:
5 ETFs That Gained Double Digits in Q2
Wall Street wrapped up the worst quarter with the major indices logging sharp declines. The Dow Jones and the S&P 500 Index posted their worst quarter since the first quarter of 2020, while the tech-heavy Nasdaq Composite tumbled 22.4% for the second quarter, marking its worst quarterly performance since 2008.
While most corners of the market were in deep red, a few have performed well. The following ETFs fit the bill.
AdvisorShares Ranger Equity Bear ETF – Up 29.3%
AdvisorShares Ranger Equity Bear ETF is actively managed and seeks capital appreciation by taking short positions in a number of U.S.-listed companies with low earnings quality or aggressive accounting practices. The managers will look to identify earnings-driven events that could lead to price declines such as downward earnings revisions or reduced forward guidance — the two factors that can spell trouble for a company. These securities with potentially weak fundamentals will underperform in a crumbling market, thereby resulting in strong profits for the fund.
AdvisorShares Ranger Equity Bear ETF has amassed $156.2 million in its asset base and is a bit pricey, charging 5.20% in annual fees. It trades in a volume of 214,000 shares a day, on average.
AdvisorShares Dorsey Wright Short ETF – Up 26.1%
AdvisorShares Dorsey Wright Short ETF is an actively managed company that short sells U.S. large-cap securities with the highest relative weakness within an investment universe primarily, comprising large-capitalization U.S.-traded equities. It holds 104 stocks in its basket, with consumer discretionary taking the largest share at 22.8%, while energy and healthcare round off the next two spots (read: Forget Recession Fears With These ETFs).
AdvisorShares Dorsey Wright Short ETF trades in a lower average daily volume of 117,000 shares and has accumulated $44.9 million in its asset base. It charges a higher annual fee of 3.68%.
Advocate Rising Rate Hedge ETF – Up 18.3%
Advocate Rising Rate Hedge ETF is a multi-asset ETF that seeks to generate capital appreciation during periods of rising long-term interest rates, specifically interest rates with maturities of five years or longer. It is an actively managed fund and seeks to achieve its investment objective primarily by investing in a combination of U.S. Treasury securities; forwards, futures or options on various currencies; long and short positions on the short and long-end of the Treasury or swap yield curve via futures, swaps, forwards and other over-the-counter derivatives; long and short positions on equity indexes and investment companies, including ETFs; and commodity futures and options.
Advocate Rising Rate Hedge ETF has accumulated $36.4 million in its asset base and charges 85 bps in annual fees. It trades in an average daily volume of 12,000 shares.
AGFiQ US Market Neutral Anti-Beta Fund – Up 18.3%
AGFiQ US Market Neutral Anti-Beta Fund has the potential to generate positive returns regardless of the direction of the stock market as long as low-beta stocks outperform high-beta stocks. It invests primarily in long positions in low-beta U.S. equities and short positions in high-beta U.S. equities on a dollar-neutral basis, within sectors.
AGFiQ US Market Neutral Anti-Beta Fund has AUM of $163.3 million and an expense ratio of 2.53%. It trades in an average daily volume of 238,000 shares.
Simplify Interest Rate Hedge ETF – Up 15.8%
Simplify Interest Rate Hedge ETF seeks to provide a hedge against a sharp increase in long-term interest rates and benefit from market stress when fixed-income volatility increases, while providing the potential for income. It buys put options on longer-term Treasury bonds to offer "the most liquid and the most cost-efficient way of getting interest rate protection." Simplify Interest Rate Hedge ETF is the first ETF providing a simple, direct and transparent interest rate hedge (read: Top & Flop Zones of First Half 2022 and Their ETF).
PFIX has accumulated $322.5 million in its asset base since its debut a year ago and trades in an average daily volume of 217,000 shares. It charges 50 bps in annual fees.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights HDGE, DWSH RRH, BTAL, and PFIX
For Immediate Release
Chicago, IL – July 5, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. ETF recently featured in the blog include: AdvisorShares Ranger Equity Bear ETF (HDGE - Free Report) , AdvisorShares Dorsey Wright Short ETF (DWSH - Free Report) , Advocate Rising Rate Hedge ETF , AGFiQ US Market Neutral Anti-Beta Fund (BTAL - Free Report) and Simplify Interest Rate Hedge ETF (PFIX - Free Report) .
Here are highlights from Friday’s Analyst Blog:
5 ETFs That Gained Double Digits in Q2
Wall Street wrapped up the worst quarter with the major indices logging sharp declines. The Dow Jones and the S&P 500 Index posted their worst quarter since the first quarter of 2020, while the tech-heavy Nasdaq Composite tumbled 22.4% for the second quarter, marking its worst quarterly performance since 2008.
While most corners of the market were in deep red, a few have performed well. The following ETFs fit the bill.
AdvisorShares Ranger Equity Bear ETF – Up 29.3%
AdvisorShares Ranger Equity Bear ETF is actively managed and seeks capital appreciation by taking short positions in a number of U.S.-listed companies with low earnings quality or aggressive accounting practices. The managers will look to identify earnings-driven events that could lead to price declines such as downward earnings revisions or reduced forward guidance — the two factors that can spell trouble for a company. These securities with potentially weak fundamentals will underperform in a crumbling market, thereby resulting in strong profits for the fund.
AdvisorShares Ranger Equity Bear ETF has amassed $156.2 million in its asset base and is a bit pricey, charging 5.20% in annual fees. It trades in a volume of 214,000 shares a day, on average.
AdvisorShares Dorsey Wright Short ETF – Up 26.1%
AdvisorShares Dorsey Wright Short ETF is an actively managed company that short sells U.S. large-cap securities with the highest relative weakness within an investment universe primarily, comprising large-capitalization U.S.-traded equities. It holds 104 stocks in its basket, with consumer discretionary taking the largest share at 22.8%, while energy and healthcare round off the next two spots (read: Forget Recession Fears With These ETFs).
AdvisorShares Dorsey Wright Short ETF trades in a lower average daily volume of 117,000 shares and has accumulated $44.9 million in its asset base. It charges a higher annual fee of 3.68%.
Advocate Rising Rate Hedge ETF – Up 18.3%
Advocate Rising Rate Hedge ETF is a multi-asset ETF that seeks to generate capital appreciation during periods of rising long-term interest rates, specifically interest rates with maturities of five years or longer. It is an actively managed fund and seeks to achieve its investment objective primarily by investing in a combination of U.S. Treasury securities; forwards, futures or options on various currencies; long and short positions on the short and long-end of the Treasury or swap yield curve via futures, swaps, forwards and other over-the-counter derivatives; long and short positions on equity indexes and investment companies, including ETFs; and commodity futures and options.
Advocate Rising Rate Hedge ETF has accumulated $36.4 million in its asset base and charges 85 bps in annual fees. It trades in an average daily volume of 12,000 shares.
AGFiQ US Market Neutral Anti-Beta Fund – Up 18.3%
AGFiQ US Market Neutral Anti-Beta Fund has the potential to generate positive returns regardless of the direction of the stock market as long as low-beta stocks outperform high-beta stocks. It invests primarily in long positions in low-beta U.S. equities and short positions in high-beta U.S. equities on a dollar-neutral basis, within sectors.
AGFiQ US Market Neutral Anti-Beta Fund has AUM of $163.3 million and an expense ratio of 2.53%. It trades in an average daily volume of 238,000 shares.
Simplify Interest Rate Hedge ETF – Up 15.8%
Simplify Interest Rate Hedge ETF seeks to provide a hedge against a sharp increase in long-term interest rates and benefit from market stress when fixed-income volatility increases, while providing the potential for income. It buys put options on longer-term Treasury bonds to offer "the most liquid and the most cost-efficient way of getting interest rate protection." Simplify Interest Rate Hedge ETF is the first ETF providing a simple, direct and transparent interest rate hedge (read: Top & Flop Zones of First Half 2022 and Their ETF).
PFIX has accumulated $322.5 million in its asset base since its debut a year ago and trades in an average daily volume of 217,000 shares. It charges 50 bps in annual fees.
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Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.