iShares FTSE MIB UCITS ETF EUR (Dist) decreases 1.9% on robust volume 21 February 2020

NEWS BITES - ETF

iShares FTSE MIB UCITS ETF EUR (Dist) (L:IMIB), the largest Exchange Traded Fund by market cap in the United Kingdom, has decreased EUR23.80 (or 1.9%) from its last trading session of February 20 to close at EUR1,238.60 The ETF fell for a second day on Friday bringing its two-day fall to EUR32.30 or 2.5%. Compared with the Morgan Stanley Capital International United Kingdom Index [MSCI UNITED KINGDOM] which fell 54.8 points (0.5%) in the day, the relative price change was -1.4%. The fall was exacerbated by robust volume of 1.5 times the average daily volume of 101,645 units. Its MCap is EUR185.8 billion (US$200.5 billion).

IMIBToday1 Day agoWeek agoMonth ago
Price, EUR1,238.61,270.91,238.41,213.3
MSCI UNITED KINGDOM12,236.5212,291.2712,227.6912,561.36

THE PAST WEEK [Price up 1.0% to EUR1,262.40]

In the past week the ETF rose on 3 days, fell on 1 day and was untraded on 1 day.

DAYHeadlineClose price [EUR]Price Change %Comment
Feb 20Hits year-high 4th time in three months1,262.4-0.67Steepest Fall
Feb 19Keeps rising: up 2.6% in 3 days1,270.91.58Top Rise
Feb 18In 2nd consecutive rise, nears a 31-month high1,251.10.06
Feb 17Increases 1.0% on low volume1,250.40.97

THE PAST QUARTER

iShares FTSE MIB UCITS ETF EUR (Dist) increases 4% in past quarter

iShares FTSE MIB UCITS ETF EUR (Dist) (L:IMIB), has increased EUR44.70 (or 3.7%) in the past quarter to close at EUR1,238.60 today. Compared with the Morgan Stanley Capital International United Kingdom Index which rose 306.6 points (or 2.6%) in the past quarter, this represented a relative price increase of 1.2%.

SECTION 1

ISHARES FTSE MIB UCITS ETF EUR (DIST) BEARISH SIGNALS

1.1 Technicals:

Downtrend: The ETF dropped 1.9% on high volatility today.

1.2 Overbought/Bearish/Resistance Signals:

+ The Stochastic indicator of 90.2 has broken through the overbought line of 80; this indicates the price is close to its 14-day high and is likely to revert to a downtrend.

1.3 Low Performance Indicator:

DescriptionValueRank In Market
Price Change %-1.9In Bottom 7%

SECTION 2

ISHARES FTSE MIB UCITS ETF EUR (DIST) BULLISH SIGNALS

2.1 Technicals:

+ The price increased 0.02% in the last week and lifted 2.1% in the last month.

+ The 2.6% discount to 12-month high of EUR1,271.80 against the 18.0% premium to 12-month low of EUR1,049.80 suggests the ETF continues to push for new highs.

+ In the last three months the ETF has hit a new 52-week high four times, pointing to an uptrend.

+ The present value of EUR1,000 (PV1000) invested one year ago in iShares FTSE MIB UCITS ETF EUR (Dist) is EUR1,176, for a capital gain of EUR176.

A comparison with Morgan Stanley Capital International World Index [MSCI World] and Morgan Stanley Capital International United Kingdom Index [MSCI UNITED KINGDOM] is shown below:

PV10001-week1-month1-year
IMIB.L1,0001,0211,176
MSCI World9961,0201,165
MSCI UNITED KINGDOM1,0011,0041,068

+ The present value of EUR1,000 (PV1000) invested five years ago in iShares FTSE MIB UCITS ETF EUR (Dist) is EUR1,285, including a capital gain of EUR284 and dividend reinvested of 90c.

+ 5 years Multiplier in EUR = 1.285x

+ Compound Annual Growth Rate (CAGR) in EUR = 5.2%

Present Value of USD1,000 invested 5 years ago:

+ The present value of USD1,000 (PV1000) invested five years ago in iShares FTSE MIB UCITS ETF EUR (Dist) is $US1,084, including a capital gain of $US84 and dividend reinvested of 76c.

+ 5 years ago EUR 1 equalled USD 1.2792

+ 5 years Multiplier in USD = 1.084x

+ Compound Annual Growth Rate (CAGR) in USD = 1.6%

2.2 High Performance Indicator:

DescriptionValueRank In Market
Today's TurnoverEUR2.2 million (US$2.4 million)In Top 4%

SECTION 3

PRICE VOLUME DYNAMICS

3.1 The Best 3 weeks in the past quarter [Relative Price Change or RPC]

Mon-FriChange %MSCI UNITED KINGDOM Change %RPC %Vol Ind [1 is avg]
Feb 03-076.32.340.4
Dec 16-204.93.11.81.5
Jan 06-101.3-0.51.80.6

3.2 The Worst 3 weeks in the past quarter [Relative Price Change or RPC]

Mon-FriChange %MSCI UNITED KINGDOM Change %RPC %Vol Ind [1 is avg]
Jan 27-31-3.2-40.80.7
Dec 02-06-1.5-1.5-0.10.5
Jan 20-24-1.4-1.1-0.20.7

3.3 Trailing 3 months

TurnoverUS$73.7 million
Volume4,808,063
Volume Index (1 is avg)0.7

3.4 Trailing Price Change %

3-Year price change for IMIB was 27.8%. Compared with the Morgan Stanley Capital International World Index [MSCI World] which rose 31.8% in the 3 years, the relative price change was -3.9%.

Price Change %QuarterYear3 Years
IMIB3.717.627.8
MSCI World6.316.131.8

3.5 Year-on-Year Comparison (Trailing year - ended 31 Dec)

In the past 5 years, IMIB has jumped 27.5% from 935.09 to 1,191.9, an average annual compound rise of 5.0%.

20192018201720162015
Close1,191.9987.951,166.7986.92935.09
% Price Change5.637.9-17.8-6.430.5
Avg Daily Volume258,222284,098864,367553,400637,917
VWP1,186.23931.85908.02972.14983.58
Turnover Period1 yr 54 d1 yr 2 mo3 mo6 mo8 mo
Price Range978.3 - 1,243.6953.4 - 1,296.4934.78 - 1,257.1740.71 - 1,110.57776.59 - 1,055.99

In the past 4 years average daily volume has declined 59.5% from 637,917 units to 258,222 units. Turnover period has increased from 8 months to 1 year 54 days. This indicates a larger number of core investors, making a long-term investment safer.

Aggregate Volumes, Prices and Turnover Period:

[Volume Index or VI in brackets; 1 is average]

+ Italy: IMIB.MI 138,675 [VI of 1.8] volume 91.703% of aggregate. Price: EUR14.80.

+ United Kingdom: IMIB.L 12,547 [VI of 1.6] volume 8.297% of aggregate. Price: GBX1,238.60.

+ Aggregate volume: there were 151,222 units of iShares FTSE MIB UCITS ETF EUR (Dist) worth EUR2.2 million traded today. The aggregate volume was 1.8 times average trading of 83,000 units.

SECTION 4

RANKING

4.1 Global Rank out of 4,305 ETFs

The present value of $US1,000 invested a year ago is $US1,120, ranking it 1437 out of 4,305 ETFs. Its 6-month relative strength (or price percentile rank) in USD is 48.

DescriptionValueRankQuartile
Net Assets (US$)285.6M1176Second
Rel Strength 6 Mo (US$)482226Third
PV$1000 (1Year) US$*1,1201437Second

* 1 year ago EUR 1 equalled USD 1.1332

Feb 21, 2020: EUR 1 equals USD 1.0793

4.2 Rank in the Total United Kingdom ETF Market [out of 491 ETFs]

DescriptionValueRank
Rel Strength 6 Mon (GBP)71143
PV1000-1Year (GBP)1,17655

SECTION 5

PROFILE

5.1 Description

iShares FTSE MIB UCITS ETF EUR (Dist) is an open-end, UCITS compliant exchange traded fund incorporated in Ireland. The Fund tracks the FTSE MIB Index.

5.2 SNAPSHOT

iShares FTSE MIB UCITS ETF EUR (Dist) (L:IMIB)

ISIN: IE00B1XNH568

Inception DateJuly 06, 2007
Expense Ratio0.3% of average net assets
CategoryItaly Equity
Asset ClassEquity ETF

5.3 ETF Summary

LastEUR1,262.40
Volume25,462
Volume Index (1 is avg)0.3
Market CapEUR189.4 billion [US$204.4 billion]
Day's Range1,262.40 - 1,271.80
52-Week Range1,049.80 - 1,271.80
Units Outstanding150,000,000
Relative Strength (3 mo)64

5.4 Management Fees

+ The management fee is 0.35% of total assets

IMIB.L

Source: www.BuySellSignals.com