On July 30, iShares MSCI USA Momentum Factor ETF rose 5.21% in regular trading, trading at $298.08/share, with turnover of $331 million.
On the news front, high-momentum trades suffered a sharp pullback in July, with retail-favored stock portfolios declining 13% for the month — the worst single-month performance since 2022. The Jefferies-compiled Russell 1000 high retail participation stock basket has fallen over 25% since June. However, data shows that a Bank of America high-momentum stock portfolio surged approximately 8% over three consecutive trading days, marking its largest three-day gain since 2022, signaling that capital has begun flowing back into high-momentum sectors and driving a notable rebound in related ETFs.
The fund generally invests at least 80% of its assets in component securities of its underlying index, the MSCI USA Momentum Index, which consists of stocks exhibiting relatively higher momentum characteristics than the traditional market capitalization-weighted MSCI USA Index.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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