For investors looking for dynamism, Amplify Transformational Data Sharing ETF BLOK is probably on the radar. The fund just hit a 52-week high and is up 103.6% from its 52-week low of $20.28/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and its near-term outlook to get a better idea of where it might be heading:
The Amplify Transformational Data Sharing ETF is an actively managed ETF that seeks to provide total return by investing at least 80% of its net assets in the equity securities of companies actively involved in the development and use of sharing technologies transformational data. The product charges 76 basis points in annual fees (See: All Tech ETFs here).
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The BLOK ETF could continue its strong performance in the short term, with a positive weighted alpha of 83.46, which points to a further rally.
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Amplify Transformational Data Sharing ETF (BLOK): ETF Research Reports
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