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IHS Markit Score Update: Drop in demand for ETFs holding Swift Transportation Co is a negative sign for its shares

IHS Markit

Swift Transportation Co

NYSE:SWFT

Score: Negative (8)

31 days at current score.

Downgraded from Neutral on July 11th 2017

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Summary


  • This company ranked negatively compared to the Industrials sector despite only 1 negative IHS Markit Category
  • ETFs holding this stock have seen outflows over the last one-month
  • Bearish sentiment is moderate
  • Economic output in this company's sector is expanding


Bearish sentiment

Short interest | Neutral

Short interest is moderately high for SWFT with between 10 and 15% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices.

Money flow

ETF/Index ownership | Negative

ETF activity is negative but appears to be improving. Over the last one-month, outflows of investor capital in ETFs holding SWFT totaled $270 million. However, outflows appear to be slowing.

Economic sentiment

PMI by IHS Markit | Positive

According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is strong relative to the trend shown over the past year.

Credit worthiness

Credit default swap

CDS data is not available for this security.

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