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Asset Summary

Daily Performance Report for DIA ETF: Dec 3, 2024

Summary: The day started with DIA ETF opening at $448.58 and closing at $447.34. The ETF showed weakness throughout the day, with the highest price observed at $449.6 and the lowest at $446.61. The underlying asset had a trading range of $2.99 Overall, it was a negative trading day for DIA ETF, reflecting investor pessimism and market activity.

Change in Closing Price: There was a net decrease of $-1.24 or -0.28% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for DIA ETF was 707,101 units during Dec 3, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $448.58.

Highest Price: The highest price observed during the day was $449.6.

Lowest Price: The lowest price observed during the day was $446.61.

Closing Price: The day ended at $447.34.

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

Key performance metrics for DIA include its net asset value (NAV), expense ratio, total return, and tracking error. NAV represents the per-share value of the ETF, the expense ratio indicates the cost of managing the fund, total return measures overall performance including dividends, and tracking error shows how closely DIA follows the DJIA.

Historically, DIA has shown performance that closely mirrors the Dow Jones Industrial Average. Long-term performance trends reflect the movements of the DJIA, though investors should review historical data to understand performance over different periods.

As of the latest update, DIA has an expense ratio of approximately 0.16%. This fee is deducted from the fund’s assets and covers the cost of managing the ETF.

DIA includes companies that are part of the Dow Jones Industrial Average, featuring 30 large-cap, blue-chip companies from various sectors including technology, healthcare, consumer goods, and industrials. Major holdings often include well-known companies such as Apple, Microsoft, and Johnson & Johnson.

Investors can buy shares of DIA through a brokerage account, just like other stocks and ETFs. It is traded on the New York Stock Exchange (NYSE) under the ticker symbol "DIA."

DIA is designed to closely track the performance of the Dow Jones Industrial Average. Therefore, its performance should be very similar to that of the DJIA, with minor discrepancies due to tracking error and management fees.

DIA is managed by State Street Global Advisors. The fund seeks to replicate the performance of the Dow Jones Industrial Average by holding the same 30 stocks in the same proportions as the index. Management involves periodic rebalancing to ensure the ETF remains in line with the index.

Dividends paid by the underlying stocks in DIA are collected and distributed to ETF shareholders. Investors can choose to receive dividends in cash or reinvest them to purchase additional shares of DIA.

DIA is rebalanced periodically to ensure it accurately reflects the Dow Jones Industrial Average. This includes adjustments to the ETF’s holdings based on changes in the index.

DIA typically distributes dividends on a quarterly basis. These dividends are paid from the income generated by the underlying stocks in the ETF’s portfolio.

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