Sell on the Pop Prospects: June 23 Edition

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 prospect 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 premium content, sign up for a free 14-day trial to Pro.22 ETFs made it to the list of sell on the pop prospects this month. U.S. markets close mixed after the Federal Reserve’s accelerated interest-rate-hike guidance.Clean energy ETFs like the Invesco Solar ETF (TAN B) and iShares Global Clean Energy ETF (ICLN A-) topped this week’s sell on the pop prospects list as clean energy stocks got a boost from President Biden’s FY‘22 Federal Budget proposing clean energy growth.Several corporate bond ETFs like the SPDR Portfolio Long Term Corporate Bond ETF (SPLB), iShares Broad USD Investment Grade Corporate Bond ETF (USIG), iShares Intermediate-Term Corporate Bond ETF (IGIB), and Vanguard Intermediate-Term Corporate Bond ETF (VCIT A+) featured on the list of sell on the pop prospects. Improving corporate performance and falling yields continue to boost the prices of corporate bonds. Read more about the role of corporate bonds in fighting inflation here.Several long-term treasury bond ETFs like the iShares 7-10 Year Treasury Bond ETF (IEF A-), iShares 20 plus Year Treasury Bond ETF (TLT B-), and SPDR Portfolio Long Term Treasury ETF (SPTL) were also present on the list. Yields on U.S. 10-year Treasury notes declined to 1.522% from 1.624%, a month ago. Check out our list of long-term fixed income ETFs list here.Gold ETFs like the Direxion Daily Gold Miners Bear 2X Shares (DUST B-) and Direxion Daily Junior Gold Miners Index Bear 3X Shares (JDST ) also featured on the list as gold prices inched lower in the last month. Prices declined as the Federal Reserve indicated it will raise its benchmark interest rate twice in 2023.To compare this month’s list with the one published on May 26, 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.

More Equity Commentary

TAN has no more commentary.