ANEW Stock Summary and Trading Ideas (ProShares MSCI Transformational Changes ETF | ARCA:ANEW)

ProShares MSCI Transformational Changes ETF seeks investment results, before fees and expenses, that track the performance of the MSCI Global Transformational Changes Index. ProShares MSCI Transformational Changes ETF (ANEW) invests in companies which may benefit from transformational changes in how we work, take care of our health, and consume and connect changes accelerated by COVID-19. The index selects U.S., non-U.S., developed, and emerging market companies that provide products or services associated with one or more of four Transformational Changes, as determined by MSCI Inc.

ProShares MSCI Transformational Changes ETF trades on the ARCA stock market under the symbol ANEW.

As of September 29, 2023, ANEW stock price was flat at $34.19 with 27 million shares trading.

ANEW has a market cap of $7.69 million. This is considered a Sub-Micro Cap stock.

ANEW has underperformed the market in the last year with a price return of +14.5% while the SPY ETF gained +17.1%. ANEW has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -5.5% and -4.7%, respectively, while the SPY returned -1.7% and -4.4%, respectively.

ANEW support price is $33.95 and resistance is $34.44 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ANEW stock will trade within this expected range on the day.