I might stick with the more liquid and better-known vehicle with the ticker MOO. Moreover, the current price is above the 200-day moving average. And, the 50-day slope is positive, signaling an uptrend.
Fears of global contraction in economic activity notwithstanding, MOO is certainly volatile. It is important to consider how and when to take profits as well as incorporate hedges.
This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
ETF Expert is a website that makes the world of ETFs easier to understand. Gary Gordon, Pacific Park Financial and/or its clients may hold positions in ETFs, mutual funds and investment assets mentioned. The commentary does not constitute individualized investment advice. The opinions offered are not personalized recommendations to buy, sell or hold securities. At times, issuers of exchange-traded products compensate Pacific Park Financial or its subsidiaries for advertising at the ETF Expert website. ETF Expert content is created independently of any advertising relationships. You may review additional ETF Expert at the site.
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