Vanguard Energy ETF (VDE) Hits a 52-Week High

For investors looking for momentum, Vanguard Energy ETF VDE is probably a suitable pick. The fund hit a 52-week high and is up 83.5% from its 52-week low price of $62.92/share.

Let’s look at the fund and its near-term outlook to gain an insight into where it might be headed.

VDE in Focus

The Vanguard Energy ETF seeks to track the performance of the MSCI US Investable Market Energy 25/50 Index. It has an AUM of $7.83 billion and charges an expense ratio of 10 basis points.

Why the Move?

The energy space has been a prime investment area, holding the interest of market participants since the beginning of the year. Reopening global economies, accelerating coronavirus vaccine rollout and improving labor markets were adding to the sector’s strength. The rally in oil prices due to the Russia-Ukraine crisis raised the sector’s momentum. This is making funds like VDE an impressive investment option.

More Gains Ahead?

It seems like the Vanguard Energy ETF will remain strong, with a positive weighted alpha of 66.00, which gives cues of a further rally.

Zacks Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.

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