- ETFMG Sit Ultra Short ETF was the biggest decliner after giving up 0.48% yesterday As things stand, iShares MBS ETF (down 0.406%) and iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) are underperforming today
- CAC added 0.61% to trade at 7,492.
Yesterday's trading session saw to it that leading equity indices in the US declined as Dow Jones shed 0.33% and closed at 33,427. Nasdaq closed at 12,658, a 0.24% change.
US markets are now currently closed and set to reopen Monday; meanwhile, upbeat European markets ended yesterday higher as CAC is up by 0.61%, hitting 7,492. Asia-Pacific markets closed higher yesterday whilst ASX 200 goes up to 7,279.5 (up 0.59%).
Deere & Company and Catalent Inc have released their earnings reports; Booz Allen Hamilton Holding Corporation and Royal Bank Of Canada will publish their respective reports in due course.
Markets are trading lower today despite some positive data published earlier as data for United States Initial Jobless Claims published Thursday came out at 242,000, beating projections of 254,000 and showing improvement over the preceding figure of 264,000.
Meanwhile, United States Existing Home Sales (Apr) came out at 4.28 million, while a consensus of analysts was expecting 4.3 million. United States Philadelphia Fed Manufacturing Index (May) released Thursday with a figure of -10.4, while the previous figure was -31.3.
Yesterday's bearishness meant that ETFMG Sit Ultra Short ETF lost 0.48% yesterday before closing at $48.06. As things stand, iShares MBS ETF (down 0.406%), iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) are also underperforming today.
IShares Trust – iShares iBonds Dec 2021 Term Treasury ETF has been pretty quiet for the last a month, trading mostly flat and moving by only 0.02 cents on average.
ETFMG Sit Ultra Short ETF | Closed down 0.48% at $48.06 yesterday
- ETFMG Sit Ultra Short ETF is now trading 1.36% above the significant low ($47.64) it slumped to 6 months ago.
- Shareholders to attain annual dividend yield of 1.68% this year
After hitting an important low of $47.64 approximately 6 months ago, ETFMG Sit Ultra Short ETF has bounced back 1.36% since.