0.00Open0.00Pre Close0 Volume0 Open Interest41.00Strike Price0.00Turnover34.13%IV-11.77%PremiumJan 17, 2025Expiry Date5.47Intrinsic Value100Multiplier25DDays to Expiry0.00Extrinsic Value100Contract SizeAmericanOptions Type0.9328Delta0.0312Gamma8.01Leverage Ratio-0.0152Theta0.0259Rho7.47Eff Leverage0.0159Vega
Qraft AI-Enhanced U.S. Large Cap Momentum ETF Stock Discussion
$Invesco Dynamic Semiconductors Etf (PSI.US)$ $Qraft AI-Enhanced U.S. Large Cap Momentum ETF (AMOM.US)$ $Invesco NASDAQ 100 ETF (QQQM.US)$ $Fidelity Covington Trust Msci Information Technology Index Etf (FTEC.US)$ $iShares U.S. Tech Independence Focused ETF (IETC.US)$ $Ishares North American Tech Etf (IGM.US)$ $iShares US Technology ETF (IYW.US)$ $iShares Semiconductor ETF (SOXX.US)$ $VanEck Semiconductor ETF (SMH.US)$
The Tesla Stock: Tesla stock joined the $1 trillion market cap in October after shares climbed on the back of record third-quarter deliveries and a large order from a rental company.
That valuation dipped under $1 trillion this week as Musk sold more shares. The stock is already down about 15% this month but has held on to its yearly gain and is up about 34% year-to-date.
The billionaire entrepreneur has sold shares worth $13 billion in the past month to pay the taxes on the exercise of options that expire next year.
To Buy Or To Sell? Popular money managing firm Ark Invest, led by Wood, continues to sell shares in Tesla despite the stock’s recent sluggishness, while $Qraft AI-Enhanced U.S. Large Cap Momentum ETF (AMOM.US)$ , an exchange-traded fund driven by artificial intelligence, has picked a new stake in Musk’s company.
Wood, a Tesla super-bull, has sold shares worth over a billion in Tesla since September to book profit. This month alone, Ark Invest has sold 393,556 shares in Tesla, a stock that continues to be its largest bet.
What’s Next?: Tesla continues to be on the growth path and is racing to end the year building nearly half a million electric vehicles in China — its second-largest market outside the U.S. — almost as many as it sold globally last year.
It also has two other Gigafactories under construction — Texas and Berlin — which it aims to have up and running before the end of the year.
Tesla CFO Zack Kirkhorn had in October said the company expects to grow its EV deliveries at an average annual rate of 50% over a multi-year horizon.
What Happened: The ETF’s latest portfolio after rebalancing in early December showed that it has also entirely divested its holdings in technology company $IBM Corp (IBM.US)$ and oil giant $ConocoPhillips (COP.US)$ .
The ETF, which has assets under management of $27.07 million, has a history of accurately predicting the price movements of Tesla’s shares.
The fund now has electric vehicle maker Tesla as its largest investment with a 7.7% weighting, followed by streaming giant Netflix with a weighting of 6.8% and biotechnology firm $Merck & Co (MRK.US)$ with 5.1% weighting.
The other two stocks that make up the top five holdings in the AMOM portfolio are software company Autodesk with a 2.5% weighting and glucose monitoring systems maker $DexCom (DXCM.US)$ with 2.4%.
Prior to the rebalancing, the ETF had Intel, PayPal, Moderna, IBM and ConocoPhillips as its five largest holdings.
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Holdings & Performance: AMOM, QRFT
Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Returns less than one year are not annualized. For current month end and standard performance, holdings, and expenses, click website links provided above.
Read more about the changes to our funds $Qraft AI-Enhanced U.S. Large Cap Momentum ETF (AMOM.US)$ , $QRAFT AI-ENHANCED US NEXT VALUE ETF (NVQ.US)$, $Exchange Listed Funds Trust Qraft Ai Enhanced Us Large Cap Etf (QRFT.US)$, and the major trends Qraft anticipates for the months ahead at ETF Express: https...
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