SPDR Trust, Russell Small & Micro Cap ETF 50-Day Comparisons
August 5, 2009 (FinancialWire) — As of yesterday’s close, the iShares Russell Microcap ETF (NYSE: IWC) and the iShares Russell 2000 ETF (NYSE: IWM) are outperforming the SPDR Trust ETF (NYSE: SPY), in terms of overall 50-day gain-loss percentage comparisons. The Russell Microcap leads all three ETFs marking an overall 15.05% (4.48 point) 50-day gain, followed by the Russell 2000 ETF marking an overall 14.45% (7.21 point) 50-day gain, followed by the SPDR Trust’s overall 12.64% (11.27 point) 50-day gain.
In terms of 50-day rolling average trading volume, the Russell Microcap ETF saw activity at only 1.00% below its average, while the Russell 2000 ETF’s volume was 11.90% off its 50-day average, and the SPDR Trust ETF’s volume was 12.76% off its 50-day average.
Looking at gain-loss numbers compared to 50-day average closing levels, the Russell Microcap and the SPDR Trust both fared slightly better for the day than the Russell 2000, but all three posted high marks. The Russell Microcap ETF closed 14.69% (4.60 points) higher than its 50-day average close of 31.87 to end the day at 36.92. The SPDR Trust ETF closed 14.73% (12.89 points) higher than its 50-day average close of 87.55 to end the day at 100.70. The Russell 2000 ETF closed 12.70% (6.43 points) higher than its 50-day average close of 50.68 to end the day at 57.11.
On the day yesterday, the Russell Microcap’s 36.92 close was 0.37 points (1.01%) above the previous session’s close, with intra-day trading ranging between plus 0.41 points (+1.12%) to minus 0.22 (-0.60%). The Russell 2000 ETF’s 57.11 close was 0.57 points (1.01%) above the previous session’s close, with intra-day trading ranging between plus 0.78 points (+1.38%) to minus 0.38 (-0.67%). The SPDR Trust ETF’s 100.70 close was 0.26 points (0.26%) above the previous session’s close, with intra-day trading ranging between plus 0.40 points (+0.39%) to minus 0.66 (-0.66%).
About The ETFs:
The iShares Russell 2000 ETF invests in approximately 2000 of the smallest capitalization-weighted companies in the Russell 3000 index, yielding investment results that correspond generally to the price and yield performance of the Russell 2000 Index, investing in at least 90% of assets in the securities of the underlying index. It uses a representative sampling strategy to track the Russell 2000 Index, which measures the performance of the small-capitalization sector of the US equity broad market.
The iShares Russell Microcap ETF investment results correspond generally to the price and yield performance of the Russell Microcap index, investing at least 90% of assets in the securities of that underlying index. The ETF uses a representative sampling strategy to track the Russell Microcap Index. The index, itself, is capitalization-weighted and includes companies ranging in total market capitalization from approximately $50 million to $550 million, which represents approximately 3% of the market capitalization of listed U.S. equity securities.
The SPDR Trust is an exchange-traded fund that holds all of the S&P 500 Index stocks, and corresponds generally to the price and yield performance of the S&P 500 Index. It is comprised of undivided ownership interests called SPDRs. The fund issues and redeems SPDRs in multiples of 50,000 SPDRs in exchange for S&P 500 Index stocks and cash.
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Free annual reports for ETF component companies are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).
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