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Sell on the Pop Prospects: April 10 Edition

BY | ETF Database
04/10/2024 | 311 VIEWS
Here is a look at ETFs that currently offer attractive short selling opportunities. The ETFs included in this list are rated as sell candidates for two reasons. First, each of these funds is deemed to be in a downtrend based on the fact that its 50-day moving average is below its 200-day moving average, which are popular indicators for gauging long-term and medium-term trends, respectively. Second, each of these ETFs is also trading above its 20-day moving average, thereby offering a near-term ‘sell on the pop’ opportunity given the longer-term downtrend at hand. Note that this prospects list also features a liquidity screen by excluding ETFs with average trading volumes below the one million shares mark. As always, investors of all experience levels are advised to use stop-loss orders and practice disciplined profit-taking techniques. To get access to all ETF Database premium content, sign up for a free 14-day trial to ETF Database Pro. Only 10 ETFs made it to the list of sell on the pop prospects this month. The three stock indices ended flat last month on uncertainty about interest rate cuts and rising geopolitical tensions. Chinese ETFs like KraneShares CSI China Internet ETF (KWEB B), iShares China Large-Cap ETF (FXI A), iShares MSCI China ETF (MCHI A), and Direxion Daily FTSE China Bull 3X Shares (YINN B) made it to the sell on the pop list helped by the AI boom and policy support in the last month. ETFs focusing on the environment are gaining a lot of traction lately. Growing demand for clean and green energy and rising climate change concerns are the main reasons for this growth. Our list of sell on the pop prospects also featured funds like iShares Global Clean Energy ETF (ICLN A+). Costlier oil also supported the rally. iPath S&P 500 VIX Short-Term Futures ETN (VXX A-), ProShares VIX Short-Term Futures ETF (VIXY A), and ProShares VIX Short-Term Futures ETF (UVXY B-) featured on the sell on the pop list as market buoyed between hopes of rate cuts or not. Markets were affected by increasing geopolitical stress in the Middle East and rising oil. VIX, the CBOE Volatility index increased to ~16.3 from ~14.4 a month ago. Check out our Short Term Volatility ETFs’ list here. To compare this month’s list with the one published on March 20th, click here. ETFs to Sell on the PopPlease note that this list is updated on a monthly basis. For more ETF analysis, make sure to sign up for our free ETF newsletter. Disclosure: No positions at time of writing.

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