|Bid||9.56 x 3100|
|Ask||9.79 x 1000|
|Day's Range||9.52 - 9.71|
|52 Week Range||8.07 - 14.16|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||2.10|
|Expense Ratio (net)||0.75%|
Given the abrupt changes in oil price and an uncertain outlook, investors should place their bet on oil ETFs cautiously or could take advantage of the quick turn in sentiment with the help of ETFs.
Oil and energy ETFs surged through the first four months of 2019, but that bullishness could be tested with the arrival of May. The fifth month of the year marks the start of the seasonally weak period for energy equities and crude itself. Among the oil ETFs with a tendency of performing poorly in May and through the summer months is the Invesco DB Oil Fund (DBO). DBO is one of the largest oil ETFs trading in the U.S.
May is here and with the arrival of the fifth month come the requisite musings about selling in May and going away. Broadly speaking, selling in May and going doesn't work every year, but some exchange ...
After cratering in the last three months of 2018, crude oil prices are back on the rise; the rebound in oil prices is welcome news for oil stocks -- and oil ETFs, asserts Chris Preston, editor of Cabot Wealth Network.
Given the clouds over the outlook for oil investment, investors should place their bet on oil ETFs cautiously or could take advantage of the quick turn in sentiment with the help of leveraged or inverse ETFs.
Crude slipped for the 10th day in a row on Friday as an unanticipated spike in supply depressed prices even further, putting the hurt on three of the largest oil ETFs--United States Oil (USO), Invesco DB Oil (DBO) and United States Brent Oil (BNO). The losses were part of a much bigger drop as the bear market in oil has resulted in its longest losing streak since the middle of 1984, based on Refinitiv data. Oil analysts point to a combination of higher-than-expected output from key producers and a gloomy outlook for oil demand.
A sharp rise in the yield of benchmark 10-year U.S. Treasury notes sparked a sell-off in stocks that circled global markets. Debt markets are under pressure with bond prices falling rapidly, prompting investors to head toward products like inverse bonds ETFs for a piece of the pie. Japanese companies have not been spared the rout and fell to a four-week low, while crude oil traded near 4-year highs due to a plunge in Iranian exports as a result of U.S. sanctions. Closing the list, Canadian assets were favored last week on news regarding the rescue of the trilateral North American Free Trade Agreement but did not enjoy the highly anticipated inflows for long. Check out our previous Trends edition at Trending: Communication Stocks in Spotlight Amid S&P Sector Reshuffle.
Labor Day, the first Monday of September that pays homage to the creation of the labor movement and tips a hat to all American workers, will see a flurry of activity from traveling, rising gas prices, ...