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Asset Summary

Weekly Performance Report for REW ETF: Week 47, 2024

Summary: The Weekly started with REW ETF opening at $10.73 and closing at $10.51. The ETF showed weakness throughout the Weekly, with the highest price observed at $10.77 and the lowest at $10.45. The underlying asset had a trading range of $0.32 Overall, it was a negative trading Weekly for REW ETF, reflecting investor pessimism and market activity.

Change in Closing Price: There was a net decrease of $-0.22 or -2.05% in the closing price from the opening to the closing price over the Weekly.

Volume Analysis: Trading volume for REW ETF was 45,746 units during Week 47, indicating active market participation and investor interest.

Opening Price: The Weekly started at $10.73.

Highest Price: The highest price observed during the Weekly was $10.77.

Lowest Price: The lowest price observed during the Weekly was $10.45.

Closing Price: The Weekly ended at $10.51.

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

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.

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 adjusts its holdings and leverage to reflect changes in the MSCI U.S. REIT Index. The ETF rebalances daily to maintain its 3x inverse leverage ratio, which involves buying or selling derivatives to achieve the desired exposure.

Similar ETFs to REW include: SRS (ProShares UltraShort Real Estate), which seeks to provide two times the inverse daily performance of the Dow Jones U.S. Real Estate Index; DRV (ProShares UltraShort Real Estate), which aims to deliver three times the inverse daily performance of the Dow Jones U.S. Real Estate Index; and REK (ProShares Short Real Estate), which focuses on providing the inverse daily performance of the Dow Jones U.S. Real Estate Index, but with a single times leverage.

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.

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.

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.

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.

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.

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.

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