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Asset Summary

Daily Performance Report for XBI ETF: Dec 9, 2024

Summary: The day started with XBI ETF opening at $98.86 and closing at $98.29. The ETF showed weakness throughout the day, with the highest price observed at $99.91 and the lowest at $98.04. The underlying asset had a trading range of $1.87 Overall, it was a negative trading day for XBI ETF, reflecting investor pessimism and market activity.

Change in Closing Price: There was a net decrease of $-0.57 or -0.58% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for XBI ETF was 6,060,711 units during Dec 9, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $98.86.

Highest Price: The highest price observed during the day was $99.91.

Lowest Price: The lowest price observed during the day was $98.04.

Closing Price: The day ended at $98.29.

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

XBI’s focus on the biotechnology sector means its performance is closely tied to developments and trends in biotech, such as drug approvals, research and development advancements, and regulatory changes. The ETF’s performance can be more volatile compared to broader indices due to the specific risks and opportunities within the biotech sector.

XBI aims to closely track the performance of the S&P Biotechnology Select Industry Index. The ETF’s performance should generally mirror that of the index, though minor discrepancies may occur due to tracking error and management fees.

XBI typically distributes dividends on a quarterly basis. These dividends are generated from income produced by the underlying securities in the ETF.

Yes, XBI can be held in retirement accounts such as IRAs or 401(k)s. It is important to consider how it fits within your overall investment strategy and risk tolerance given its focus on the biotech sector.

XBI adjusts its holdings to reflect changes in the S&P Biotechnology Select Industry Index. The ETF rebalances periodically to ensure it continues to accurately track the index, incorporating any changes in index composition or weighting.

Factors influencing XBI’s performance include biotech industry trends, regulatory changes, clinical trial outcomes, market sentiment, and broader economic conditions. The ETF’s performance is also affected by the performance of the underlying index.

Key performance metrics for XBI include its net asset value (NAV), expense ratio, average daily trading volume, and total return over various periods (e.g., 1-year, 5-year). NAV reflects the per-share value of the ETF, while total return measures the performance of the fund.

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

Historical performance data for XBI includes past returns, NAV, and volatility. Investors can review performance charts and reports to assess how XBI has tracked its index and how its value has changed over time.

XBI is managed by State Street Global Advisors and tracks the S&P Biotechnology Select Industry Index. The ETF is passively managed, meaning it seeks to replicate the performance of the index by holding the same securities in similar proportions.

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