We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Investors looking for momentum can opt for Recon Capital DAX Germany ETF (DAX - Free Report) now. The fund hit a 52-week high recently. Shares of DAX are up roughly 38.03% from their 52-week low of $21.51/share.
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 of where it might be headed.
DAX in Focus
DAX focuses on providing exposure to the German equity markets. It charges 45 basis points in fees per year. Consumer Cyclical, Healthcare, and Financial Services are the top three sectors of the fund, with 20.11%, 18.16%, and 17.74% allocation, respectively (as of June 5, 2017). It has top holdings in Bayer AG, Siemens AG, and SAP SE with 9.58%, 9.56%, and 8.71% allocation, respectively (as of June 5, 2017) (see all European Equity ETFs here).
The fund has AUM of $13.43 million and trades in average volumes of 3,900 shares a day.
Why the Move?
The move can primarily be attributed to the positive Purchasing Managers Index (PMI) data of Germany. German Manufacturing PMI rose to 59.5 in May 2017 from April's 58.2 and German Services PMI remained unchanged at 55.4. The composite PMI rose to 57.4 in May from 56.7 in April. Moreover, strong trade performance has also led to gains in the fund.
More Gains Ahead?
Currently, DAX has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook. It has a moderate 14-day volatility of 12.74% and an impressive weighted alpha of 29.80. So, there is definitely some promise for those who want to ride this surging ETF a little further.
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 >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Germany ETF (DAX) Hits a New 52-Week High
Investors looking for momentum can opt for Recon Capital DAX Germany ETF (DAX - Free Report) now. The fund hit a 52-week high recently. Shares of DAX are up roughly 38.03% from their 52-week low of $21.51/share.
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 of where it might be headed.
DAX in Focus
DAX focuses on providing exposure to the German equity markets. It charges 45 basis points in fees per year. Consumer Cyclical, Healthcare, and Financial Services are the top three sectors of the fund, with 20.11%, 18.16%, and 17.74% allocation, respectively (as of June 5, 2017). It has top holdings in Bayer AG, Siemens AG, and SAP SE with 9.58%, 9.56%, and 8.71% allocation, respectively (as of June 5, 2017) (see all European Equity ETFs here).
The fund has AUM of $13.43 million and trades in average volumes of 3,900 shares a day.
Why the Move?
The move can primarily be attributed to the positive Purchasing Managers Index (PMI) data of Germany. German Manufacturing PMI rose to 59.5 in May 2017 from April's 58.2 and German Services PMI remained unchanged at 55.4. The composite PMI rose to 57.4 in May from 56.7 in April. Moreover, strong trade performance has also led to gains in the fund.
More Gains Ahead?
Currently, DAX has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook. It has a moderate 14-day volatility of 12.74% and an impressive weighted alpha of 29.80. So, there is definitely some promise for those who want to ride this surging ETF a little further.
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 >>