ETF Action: Research

6.18.2021

The U.S. rig count rose by 9 last week, as oil prices continue to rise

• U.S. rigs increased from 461 to 470
• Total rig count in North America rose by 33 to 587
• Rig count has been steadily rising since hitting a low last August 
• Brent and WIT have both hit the highest amount in over a year 

6.17.2021

Weekly initial jobless claims increase for the first time in six consecutive weeks 

• 412K initial claims above consensus estimates (est 360K)
• Continuing claims rise by 1K to 3.518 million
• Advance adjusted insured unemployment rate remains unchanged at 2.5%
• Pennsylvania and California primarily led the increase in claims

6.17.2021

An overview of the Fixed Income ETF landscape - Performance, Flows, Rates, Spreads, and the Fed.

• Multi-Sector Fixed Income ETFs bring in over $1.3 billion, Sovereign sees $66 million out
• Corporate fixed income ETFs maintain largest slice of fixed income ETF assets at 36%
• 10-year treasury yield jumps 9 basis points to 1.58% after Fed meeting
• iShares Convertible Bond ETF (ICVT +5.25%) best category ETF performer over past month

6.16.2021

An overview of the U.S. Sector ETF landscape - Performance, Flows, Valuations, Earnings, & Technicals.

• Multi-theme segment attracts most net inflows over past week (+269 million)
• Sustainability ETFs continue to gain in Thematic AUM makeup; now represents 17% of composite
• Best performing thematic segment over past month? Disruptive tech (+9.14%)
• AdvisorShares Pure US Cannabis ETF (MSOS -4.43%) worst performer over past month

6.16.2021

Housing starts slightly increase in May, but fall short of consensus estimates

• Home starts increased to an annual rate of 1.572 million (est. 1.630 million)
• Permits decreased M/M and below consensus estimates (1.681 million vs est 1.738 million)
• Rise in starts reflective of low existing homes inventory, despite ongoing material shortages 
• Housing starts increased in Midwest, South and West, but decreased in the Northeast