IHE Posted The Biggest Loss Of All ETFs Today, Down 1%

Share This Article
January 20, 2017 6:05pm NYSE:IHE

NYSE:IHE | News, Ratings, and Charts

The iShares Dow Jones US Pharmaceuticals Index Fund (IHE) underperformed all other non-leveraged, non-inverse exchange traded products in the U.S. today on a percentage basis, producing a -0.98% one-day return and trailing the wider markets by a total of 1.35 percentage points.


Behind The Gains

IHE closed today at $140.38 per share, down $1.39 (-0.98%). Putting this move in context, the S&P 500 index — largely considered the most popular and useful benchmark for equity performance — closed up $0.83 (+0.37%) on the day.

IHE’s trading volume today was a total of 37,380 shares, which was a decrease of 52% versus its average daily trading volume of 78,598. 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. IHE’s volume today, along with the rest of the markets, was subpar.

Including any dividends as well as today’s losses, IHE has now fallen a total of -0.74% year-to-date, versus a 1.44% gain in the S&P 500 during the same timeframe.

A Look Under The Hood

iShares Dow Jones US Pharmaceuticals Index Fund is a Equity-focused product issued by BlackRock. Its expense ratio of 0.44% makes it the #16 cheapest ETF among 35 total funds in the Health & Biotech ETFs category.

IHE currently boasts $685.11M in assets under management (AUM), placing it #11 of 35 ETFs in its category, and #375 of 1920 total ETFs in the U.S. exchange traded universe.

The investment objective of the iShares Dow Jones U.S. Pharmaceutical Index Fund ETF seeks to track the investment results of an index composed of U.S. equities in the pharmaceuticals sector. With biotechs and pharma companies under fire from regulators, it’s not a surprise this fund has seen a few rough days lately.

IHE SMART Grade

IHE currently has an ETF Daily News SMART Grade of B (Buy), and is ranked #17 of 36 funds in the Health & Biotech ETFs category.

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

Want Important ETF Info Delivered Straight To Your Inbox?

The ETF Daily News Free Daily Newsletter will brief you on top news and analysis, as well as top performing ETFs, each and every day. Get it free »


7 Best ETFs for the NEXT Bull Market

Read Next



Free Investing Ideas Newsletter!

Join over 70,000 investors who get the latest insights and top rated picks from our free investment newsletter.

Most Popular



7 Best ETFs for the NEXT Bull Market

Explore More from ETFDailyNews.com

Free Investment Newsletter

Join over 70,000 investors who get the latest insights and top rated picks from our free investment newsletter.

ETFDailyNews.com respects your privacy.

Best ETFs

We've rated and ranked nearly 2,000 ETFs and ETNs using our proprietary SMART Grade system.

View Top Rated ETFs

Best Categories

We've ranked dozens of ETF categories based on relative performance.

Best ETF Categories