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Yahoo
a day ago
- Business
- Yahoo
Norway ETF (ENOR) Hit a 52-Week High
For investors seeking momentum, iShares MSCI Norway ETF ENOR is probably on the radar. The fund just hit a 52-week high and is up 33.1% from its 52-week low price of $21.75/share. But are more gains in store for this ETF? Let's take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed: The underlying MSCI Norway IMI 25/50 Index is designed to measure broad-based equity market performance in Norway. The product charges 53 bps in annual fees (See: all European Equity ETFs here). The fund invests about 24.3% of its weights in ENOR. Norway is energy-rich. The ongoing Middle East tensions often drive oil prices higher due to supply disruption fears. Hence, ENOR stands to gain amid rising tensions in the Middle East. ENOR might continue its strong performance in the near term, with a positive weighted alpha of 27.00 (as of which gives cues of a further rally. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report iShares MSCI Norway ETF (ENOR): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
4 days ago
- Business
- Yahoo
Silver ETF (SIVR) Hits New 52-Week High
For investors seeking momentum, abrdn Physical Silver Shares ETF SIVR is probably on the radar. The fund just hit a 52-week high and has moved up 38% from its 52-week low of $25.41 per share. Are more gains in store for this ETF? Let us take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed: abrdn Physical Silver Shares ETF tracks the performance of the price of silver less the Trust expenses. It has an expense ratio of 0.30% (see: all the Precious Metals ETFs here). Silver has been an area to watch lately, given the surge in the metal's price. Silver is poised for a potential record-breaking surge, surpassing $36 per ounce for the first time in 13 years. The rally comes amid a weakening U.S. dollar, persistent supply deficit, heightened global trade uncertainty and rising interest in precious metals as geopolitical and economic hedges. Currently, SIVR has a Zacks ETF Rank #3 (Hold), with a Medium risk outlook. Therefore, it is hard to get a handle on its future returns one way or the other. However, a weighted alpha of 28.80 and a 20-day volatility of 27.98% show that there is still some promise for risk-aggressive investors who want to ride on this surging ETF. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report abrdn Physical Silver Shares ETF (SIVR): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
