ETF Flows: VanEck Vectors Steel ETF (SLX) Rises 0.05% for Nov 25

November 25, 2016 - By Linda Rogers   ·   0 Comments

Nov 25 is a positive day so far for VanEck Vectors Steel ETF (NYSEARCA:SLX) as the ETF is active during the day after gaining 0.05% to hit $40.54 per share. The exchange traded fund has 97.88M net assets and 2.18% volatility this month.

Over the course of the day 12,647 shares traded hands, as compared to an average volume of 58,100 over the last 30 days for VanEck Vectors Steel ETF (NYSEARCA:SLX).

The ETF is -2.32% of its 52-Week High and 142.61% of its low, and is currently having ATR of 0.96. This year’s performance is 90.36% while this quarter’s performance is 16.40%.

The ETF’s YTD performance is 70.46%, the 1 year is 46.94% and the 3 year is -8.18%.

The ETF’s average P/E ratio is 15.22, the price to book is 1.16, the price to sales is 0.54 and the price to cashflow is 2.46. It was started on 10/17/2006. The fund’s top holdings are: RIO TINTO PLC ORD 10P for 13.44% of assets, Vale SA ADR for 12.71%, Arcelor Mittal NY Registry Shar for 7.16%, POSCO ADR for 6.33%, Tenaris S.A. American Depositar for 5.86%, VEDANTA LIMITED for 5.38%, Nucor Corporation Common Stock for 5.35%, Gerdau SA ADR for 5.01%, Ternium S.A. Ternium S.A. Ameri for 4.96%, Companhia Siderurgica Nacional ADR for 4.78%. The ETF sector weights are: Basic Materials 96.19%, Industrials 3.81%. The ETF currently as 3.15% yield.

More notable recent Market Vectors Steel (ETF) (NYSEARCA:SLX) news were published by: Etfdailynews.com which released: “Here’s Why Steel Could Be A Big Winner In The Trump Presidency” on November 14, 2016, also Etfdailynews.com with their article: “Citigroup Just Got Bullish on the Red-Hot Steel Sector” published on August 23, 2016, Benzinga.com published: “China, U.S. Hot Rolled Coil Steel Spread Explodes; Cowen Forecasts Short Life …” on May 17, 2016. More interesting news about Market Vectors Steel (ETF) (NYSEARCA:SLX) were released by: Seekingalpha.com and their article: “Profit From A Steel Rebound With This ETF (SLX)” published on March 23, 2015 as well as Benzinga.com‘s news article titled: “A Reason Not To Trust The Coal ETF’s Rally” with publication date: March 10, 2016.

Market Vectors Steel ETF seeks to replicate as closely as possible the price and yield performance of the NYSE Arca Steel Index (STEEL or the Index) by investing in a portfolio of securities that generally replicates STEEL. The ETF has a market cap of $97.88 million. STEEL, calculated by the NYSE Alternext, is a modified market capitalization-weighted index consisting of publicly traded companies predominantly involved in the production of steel products or mining and processing of iron ore. It currently has negative earnings. The Index includes companies primarily involved in a variety of activities related to steel production, including the operation of manufacturing mills and fabrication of steel products.

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By Linda Rogers


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