India Small Cap ETF Leads All Funds With a 2.3% Gain Today

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February 2, 2017 5:58pm NYSE:SCIN

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The Columbia India Small Cap ETF (SCIN) outperformed all other non-leveraged, non-inverse exchange traded products in the U.S. today on a percentage basis, producing a +2.34% one-day return and outperforming the wider markets by a total of 2.27 percentage points.


Behind The Gains

SCIN closed today at $16.16 per share, up $0.37 (+2.34%). Putting this move in context, the S&P 500 index — largely considered the most popular and useful benchmark for equity performance — closed up just $0.15 (+0.07%) on the day.

SCIN’s trading volume today was a total of 187,987 shares, which was a massive increase of 1574% versus its average daily trading volume of 11,227. Rising trading volume generally an indicator of increased demand for a particular security, and is typically associated with a specific news event or trend that draws investors into or out of specific asset classes, or sectors or subsectors within those classes.

Including any dividends as well as today’s gains, SCIN has now returned a total of 14.69% year-to-date, versus a much smaller 1.9% gain in the S&P 500 during the same timeframe.

A Look Under The Hood

The Columbia India Small Cap ETF is an Equity-focused product issued by Emerging Global Advisors. Its expense ratio of 0.85% makes it the #73 cheapest ETF among 79 total funds in the Asia Pacific Equities Ex-China ETFs category.

SCIN currently boasts only $17.73M in assets under management (AUM), placing it #49 of 79 ETFs in its category, and #1349 of 1922 total ETFs in the U.S. exchange traded universe.

The investment objective of the EGShares India Small Cap ETF Seeks investment results that correspond to the price and yield performance of the Indxx India Small Cap Index. This index includes small cap companies that do the majority of their business within the country of India.

SCIN SMART Grade

SCIN currently has an ETF Daily News SMART Grade of B (Buy), and is ranked #61 of 80 funds in the Asia Pacific Equities Ex-China ETFs category.

For more information about this ETF, including full ratings, news, data, and more, please visit SCIN’s ticker page.

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