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Asset Summary

Daily Performance Report for REW ETF: Dec 9, 2024

Summary: The day started with REW ETF opening at $9.75 and closing at $9.83. The ETF showed resilience throughout the day, with the highest price observed at $9.85 and the lowest at $9.74. The underlying asset had a trading range of $0.11 Overall, it was a positive trading day for REW ETF, reflecting investor optimism and market activity.

Change in Closing Price: There was a net increase of $0.08 or 0.82% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for REW ETF was 12,553 units during Dec 9, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $9.75.

Highest Price: The highest price observed during the day was $9.85.

Lowest Price: The lowest price observed during the day was $9.74.

Closing Price: The day ended at $9.83.

Asset Performance Metrics and Risk Characteristics:

Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.

Asset Technical Analysis

Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.

Moving Averages

Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:

  • SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
  • EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
  • WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
  • WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.

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Frequently Asked Questions

Factors influencing REW’s performance include the volatility of the real estate sector, market conditions, and the performance of the underlying MSCI U.S. REIT Index. The effectiveness of the leveraged inverse strategy and daily rebalancing also play a role in performance.

REW aims to deliver three times the inverse daily performance of the MSCI U.S. REIT Index. As a leveraged inverse ETF, its performance can differ significantly from the index over longer periods due to compounding effects and daily rebalancing. It is intended for short-term trading and not for long-term holding.

REW typically distributes dividends on a quarterly basis. These dividends are derived from the income generated by the underlying securities in the fund and any net investment income.

REW uses financial derivatives to achieve three times the inverse daily performance of the MSCI U.S. REIT Index. The fund rebalances daily to maintain its leverage ratio, which can lead to amplified gains in falling markets and amplified losses in rising markets.

Risks include significant potential losses due to the leveraged inverse nature of the ETF. Leveraged inverse ETFs can experience high volatility and are generally more suitable for short-term trading rather than long-term investing. The daily reset of leverage can lead to performance deviations over longer periods.

Key performance metrics for REW include its net asset value (NAV), daily percentage returns, expense ratio, and tracking error. NAV reflects the per-share value of the ETF, daily returns show the performance relative to the MSCI U.S. REIT Index, the expense ratio indicates the cost of managing the fund, and tracking error measures how closely the fund tracks its target index.

Historical performance data for REW includes past returns, NAV, and volatility. This data provides insights into how well the ETF has performed relative to its target index and how its leveraged inverse strategy has impacted returns over time.

REW has an expense ratio of approximately 1.09%. This fee covers the costs of managing and operating the fund, including administrative and management expenses.

Yes, REW can be held in retirement accounts such as IRAs or 401(k)s. However, due to its leveraged inverse nature and high volatility, it is essential to consider how it fits with your overall investment strategy and risk tolerance.

Investors can purchase shares of REW through a brokerage account. It is traded on major stock exchanges under the ticker symbol "REW" and can be bought and sold like other stocks and ETFs.

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