Markets

Dow Jones ETN Hits New 52-Week High

For investors seeking momentum, ELEMENTS Dogs Of The Dow Linked To The Dow Jones High Yield Select 10 Total Return Index DOD is probably on radar now. The note just hit a 52-week high and is up more than 57% from its 52-week low price of $18.42/share.

But are more gains in store for this ETN? Let's take a quick look at the product and the near-term outlook on it to get a better idea on where it might be headed:

DOD in Focus

This is an ETN option and provides investors pure play to the 10 highest dividend-yielding securities in Dow Jones Industrial Average in equal proportions. It charges investors 75 bps in annual fees (see: all the Large Cap ETFs here ).

Why the Move?

Since the Dow Jones index hit a 25,000-mark on Jan 4, the product soared higher. Strong manufacturing data, an oil price recovery, uptick in the global economic growth and a Trump bump led to this surge.

More Gains Ahead?

The ETN has a positive weighted alpha of 70.20 . A positive weighted alpha hints at more gains. As a result, there is definitely some promise for investors who want to ride on this surging product.

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ELEMT-DOGS DOW (DOD): ETF Research Reports

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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