OGIG Stock Summary and Trading Ideas (Alps O'Shares Global Internet Giants ETF | ARCA:OGIG)

OGIG is an exchange traded fund (ETF) that seeks to track the performance (before fees and expenses) of the ALPS OShares Global Internet Giants Index (the Target Index ). ALPS OShares Global Internet Giants ETF (OGIG) is a rules-based ETF designed to provide investors with the means to invest in some of the largest global companies that derive most of their revenue from the Internet and e-commerce sectors that exhibit quality and growth potential.

Alps O'Shares Global Internet Giants ETF trades on the ARCA stock market under the symbol OGIG.

As of April 23, 2024, OGIG stock price climbed to $37.62 with 9,648 million shares trading.

OGIG has a beta of 1.47, meaning it tends to be more sensitive to market movements. OGIG has a correlation of 0.71 to the broad based SPY ETF.

OGIG has a market cap of $141.07 million. This is considered a Micro Cap stock.

In the last 3 years, OGIG stock traded as high as $58.25 and as low as $21.51.

OGIG has outperformed the market in the last year with a price return of +34.5% while the SPY ETF gained +24.1%. However, in the short term, OGIG had mixed performance relative to the market. It has underperformed in the last 3 months, returning +2.3% vs +4.7% return in SPY. But in the last 2 weeks, OGIG shares have fared better than the market returning -2.4% compared to SPY -2.7%.

OGIG support price is $35.99 and resistance is $37.00 (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 OGIG stock will trade within this expected range on the day.