As the title suggests, this issue will focus on the month of July with some 12 month historical comparisons, as opposed to the standard Weekly vs YTD report which will return next week.
July Changes:
Out of 114 Tech ETFs analysed the average ETF had a positive month, returning 6.7%, compared to the S&P 500 which returned 5.4%.
The Top 5 ETFs and their returns were:
SOXL: 20.2%
ARKW: 16.8%
TECL: 16.2%
BLCN: 16.2%
ARKF: 14.6%
In regards to their US holdings, below are their top 5 holdings based on weight, and top 5 returning stocks for the month, as well as the summary statistics of what the ETF looks like.
Rank #1 - SOXL: Direxion Daily Semiconductor Bull 3x Shares
Rank #2 - ARKW: ARK Next Generation Internet ETF
Rank #3 - TECL: Direxion Daily Technology Bull 3X Shares
Rank #4 - BLCN: Reality Shares Nasdaq NexGen Economy ETF
Rank #5 - ARKF: ARK Fintech Innovation ETF
These 5 ETFs held 161 US listed stocks. Here are the Top 10 & Bottom 10 stocks based on returns for the period.
These 5 ETFs rank the following based on the last twelve months:
SOXL: 62nd/101
ARKW: 2nd
TECL: 15th
BLCN: 21st
ARKF: 9th
Trailing Twelve Months:
Out of the 101 Tech ETFs which have been around for the last 12 months, the average return has been 22.9%
The top 5 performing ETFs are some familiar names from past reports with CWEB (Direxion Daily CSI China Internet Index Bull 2x Shares) leading the way.
ESPO (VanEck Vectors Video Gaming and eSports ETF) has gone largely unnoticed but slots into the number 3 spot with 65.9% returns in TTM.
*CWEB is a levered KWEB. CHIK only holds one US listed stock.
In regards to the top 10 stocks held by these ETFs $20b GSX (Techedu Inc) out of China leads the way.
That said, GSX has the 73rd most short interest on the US markets, currently at 21.8%. TSLA is around 8.6% for comparison.
This week is another big week of Tech earnings so will be very interesting to see how the full month of August plays out, especially after the strong July.
Thank again for reading and hopefully you have a bit more information to arm yourself with for this upcoming month.
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Best,
Stuart
Keep up the great work. Very informative and helpful.