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VXX adds $63.85 As Fear Still Pervades Market -  ETF Winners And Losers: Small-Cap Fund Flows

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We performed a screening of mid-cap ETFs - defined as having Assets Under Management (AUM) between $400 million and $2 billion - to determine what funds had the largest change in net assets on the week, according to data from etfdb.com. Only non-leveraged funds were considered. 

VXX Adds $63.85 As Fear Still Pervades Market -  ETF Winners And Losers: Small-Cap Fund Flows

FT Vest U.S. Equity Deep Buffer ETF - August

DESERT GOLD VENTURES by Desert Gold Ventures Inc.

Desert Gold Ventures Inc

Source: <a href="https://www.streetwisereports.com/article/2024/04/12/expert-shares-horribly-undervalued-metal.html?utm_medium=feed">Clive Maund 04/12/2024</a>
Technical Analyst Clive Maund shares his view on platinum, a metal he believes is horribly undervalued.
This morning, we are going to have a look at platinum because it is still horribly undervalued and historically extremely undervalued relative to gold, as we will see. In case you didn&#39;t know, platinum is a precious metal and it is 30 times more rare than gold.
If all the platinum ever mined were melted and poured into an Olympic-sized pool, the platinum would barely reach your ankles. Gold, however, would fill three pools. So, in a world drowning in worthless paper money, it is very clear that there is going to be a flight into all precious metals. This is already happening with gold and silver, and it will soon spread to other metals, especially super-rare platinum.
On its 20-year chart, we can see that platinum has put in an awful performance since its 2008 peak. It got to over $2200 early in 2008 and is now trading at well under $1000, and if you take continuous inflation into account during all the intervening years, it is clear that, in real terms, it is now trading at a dismally low price.
While it&#39;s true that we have taken a freak peak at the top of a &quot;stalagmite top&quot; as our starting point, we can see that, essentially, it has been in a grueling bear market from that peak right through to the Covid Crash low in the Spring of 2020 when a deliberately orchestrated global mass psychosis saw many commodities such as oil &quot;drop through the floor.&quot;
The big picture, though, is that it has been marking out a giant base pattern since 2015, a giant base pattern that can be classified as a Head-and-Shoulders bottom.
<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/2024415112003_1.jpg" style="height:450px; width:351px" />
The 10-year chart enables us to view the Head-and-shoulders bottom more comfortably, and there are several interesting points to observe in this chart. The first is that the price is still relatively close to the band of strong support at the lower boundary of the pattern, roughly between $760 and $840 &mdash; as mentioned above, the freak Covid Crash drop in the Spring of 2020 can and should be ignored.
This means that it is still at a very good price as its anticipated major bullmarket hasn&#39;t even started yet &mdash; and it hasn&#39;t even started to start, although we are seeing the first stirrings. The next related point is that it will break out this base pattern and really get moving once it has succeeded in breaking above the zone of resistance, marking its upper boundary, which is roughly $1300 - $1400. Lastly, although the Accumulation line is still rather weak, there has been a noticeable buildup in volume in recent weeks, which is believed to be the precursor to a rally.
<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/2024415112032_2.jpg" style="height:450px; width:353px" />
Zooming in on recent action now via the 6-month chart, we see that platinum has at last started to respond to gold and silver&#39;s emerging bull market as it rose sharply about a week ago and it is encouraging to see that its 200-day moving average has already turned up so that if platinum now continues to advance or even if it only holds its ground, we should soon see a bullish cross of the moving averages which will set it up for a major new bull market.
<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/2024415112100_3.jpg" style="height:575px; width:450px" />
Lastly, just to emphasize just how cheap platinum is, we will look at the 20-year chart of its price relative to the price of gold. This is a really rather astounding chart as it shows that platinum is at about one-fifth of its price relative to gold compared to where prices were back in the mid-2000s, and given that the downtrend channel shown that has been in force from 2010 is converging, it implies that we could see an upside breakout by platinum relative to gold before much longer that would lead to a long period of outperformance by platinum, and also given that we know where gold is headed, the gains made by platinum could be spectacular.
<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/2024415112122_4.jpg" style="height:481px; width:450px" />
The conclusion must be that this is an excellent time to buy platinum and platinum-related investments. So, we will be on the lookout for better platinum stocks going forward.
Platinum spot price up 2.2% at $1,005 on the morning of April 12, 2024.
Important Disclosures:
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Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
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<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>
Clivemaund Disclosures
The above represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund&#39;s opinions are his own, and are not a recommendation or an offer to buy or sell securities. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund&#39;s opinions on the market and stocks cannot be only be construed as a recommendation or solicitation to buy and sell securities.

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Expert Shares 'Horribly Undervalued' Metal

Stocks surged across the board on Tuesday, gaining momentum after Monday&#8217;s rebound as unexpectedly weak economic data bolstered hopes for a potential Federal Reserve rate cut <a href="https://www.benzinga.com/federal-reserve">by the end of the summer</a>.
What Happened: The S&amp;P Global&#8217;s Purchasing Managers&#8217; Index (PMI) for April indicated a significant deceleration in private sector growth—the slowest in four months—also highlighting reduced inflationary pressures <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38381361/us-private-sector-growth-unexpectedly-slows-in-april-marks-lowest-increase-in-4-mon">from wages and services.</a>
Market-implied probabilities for a rate cut by the Fed as early as September jumped to 72%, up from 67% on Monday, according to CME Group&#8217;s FedWatch Tool. 
Meanwhile, corporate earnings have generally exceeded expectations, with investors now eagerly anticipating results from Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), slated for release after market close.
By midday trading in New York, the S&amp;P 500 climbed 1.2%, setting the stage for its best performance in over a month. The Nasdaq 100 outperformed the broader market, up 1.5%, while the Dow Jones Industrial Average saw a more modest increase of 0.6%.
The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) outperformed its large-cap counterparts, jumping 1.7% and marking its most significant gain since late March.
The dollar declined by 0.4%, and Treasury yields slightly fell. In the commodities market, gold remained steady following its sharpest drop in years on Monday, while oil prices inched 1% higher. Bitcoin edged down slightly by 0.3% to $66,640.
<h3 class="wp-block-heading">Tuesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,002.50</td>
<td>1.7%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>17,463.15</td>
<td>1.5%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,068.20</td>
<td>1.1%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>38,468.74</td>
<td>0.6%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:37 p.m. EDT</figcaption></figure>
The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 1.2% to $505.50, the&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.6% to $384.94 and the tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rallied 1.5% to $425.11, according to&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.&nbsp;
Sector-wise, the Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) outperformed, up 1.8%. The Materials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) was the major laggard, down 0.5%. 
<h3 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h3>
<ul>
<li>Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) saw its shares surge 17% following a robust earnings beat, setting the stock on course for its best single-day performance since its 2018 IPO.</li>
<li>Other companies reacting to recent earnings were Globe Life Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GL#NYSE">GL</a>), up 13%, GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>),up 7.3%, Danaher Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>), up 7.3%, General Motors Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), up 5%, Novartis AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVS#NYSE">NVS</a>), up nearly 3%, PepsiCo. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NYSE">PEP</a>), down 2.2%, United Parcel Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>), up 2%, Xerox Holdings Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NYSE">XRX</a>), down 11%, MSCI Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>), down 14%, LKQ Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>), down 14%, Halliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>), flat, and Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), up 0.5%, </li>
<li>Notable names reporting after the close other than Tesla Inc. and Visa, Inc. are Texas Instruments, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), Steel Dynamics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>), Seagate Technology Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>), Mattel, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>), Chubb Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>), Canadian National Railway Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNI#NYSE">CNI</a>) and Baker Hughes Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>).</li>
</ul>
Now Read: <a href="https://www.benzinga.com/markets/asia/24/04/38380008/us-mulls-sanctions-on-beijing-banks-for-alleged-role-in-putins-war-in-ukraine-china-cant-have-it-bot">US Mulls Sanctions On Beijing Banks For Alleged Role In Putin&#8217;s War In Ukraine: &#8216;China Can&#8217;t Have It Both Ways,&#8217; Blinken Says</a>

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Stocks Rally On Weaker PMI Data, Tech Earnings Optimism, Dollar Falls: What's Driving Markets Tuesday?

Canaccord Genuity analyst Jeremy Hoy maintains Vizsla Silver (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/VZLA#AMEX">VZLA</a>) with a Speculative Buy and raises the price target from $4 to $4.75.

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Canaccord Genuity Maintains Speculative Buy on Vizsla Silver, Raises Price Target to $4.75

Tech billionaire&nbsp;Elon Musk&#8217;s&nbsp;social media platform&nbsp;X, formerly&nbsp;Twitter, and&nbsp;disclosed they are launching the X TV App.&nbsp;
In a post on X, CEO Linda Yaccarino said that the X TV App will bring real-time, engaging content to the consumer&#8217;s smart TV and offer a high-quality, immersive entertainment experience on a larger screen.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">From the small screen to the big screen X is changing everything. Soon we'll bring real-time, engaging content to your smart TVs with the X TV App. This will be your go-to companion for a high-quality, immersive entertainment experience on a larger screen. We're still building it… <a href="https://t.co/QhG6cVDpZ8">pic.twitter.com/QhG6cVDpZ8</a>
&mdash; Linda Yaccarino (@lindayaX) <a href="https://twitter.com/lindayaX/status/1782771479383622004?ref_src=twsrc%5Etfw">April 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The app&nbsp;is expected&nbsp;to offer a cross-device experience and facilitate organizing videos by subject for a personalized experience.
X TV app is an&nbsp;interesting&nbsp;choice as Elon Musk has been a vocal critic of&nbsp;Meta Inc.&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Instagram.
Musk expressed his <a href="https://www.benzinga.com//node/38375786">dislike for Instagram</a> yet again, reacting to a reel posted by a user on X.
&#8220;That annoying Instagram logo keeps popping up in videos. Makes things worse.&#8221;
Musk is referring to the Instagram logo watermark that appears on downloaded Reels alongside the name of the user to whom the video belongs.
Last week, in response to the appearance of pro-Nazi content on&nbsp;X, South Korea&#8217;s leading automaker, Hyundai&nbsp;decided to halt its advertising. This decision comes after&nbsp;a sponsored post from Hyundai was found&nbsp;next to&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38328015/elon-musk-led-x-suffers-setback-after-hyundai-halts-ads-on-platform-over-anti-semitic-content" rel="noreferrer noopener">anti-Semitic and pro-Nazi posts</a>.
&nbsp;The Pakistani Interior Ministry revealed last Wednesday that it blocked access to X in February,&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38289046/pakistan-blocks-elon-musks-social-media-platform-x-amid-national-security-concerns" rel="noreferrer noopener">citing national security concerns</a>.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/04/38381070/elon-musks-x-is-down-its-not-just-you" target="_blank" rel="noreferrer noopener">BREAKING: Elon Musk&#8217;s X Is Down, It&#8217;s Not Just You</a>
Photo by Angga Budhiyanto on Shutterstock

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Comcast's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NYSE">CMCSA</a>) short percent of float has fallen 3.25% since its last report. The company recently reported that it has 46.79 million shares sold short, which is 1.19% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.38 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Comcast Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713893425_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Comcast has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Comcast's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Comcast's peer group average for short interest as a percentage of float is 10.61%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Looking Into Comcast's Recent Short Interest

Blackstone's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) short percent of float has fallen 18.67% since its last report. The company recently reported that it has 19.24 million shares sold short, which is 2.7% of all regular shares that are available for trading. Based on its trading volume, it would take traders 6.95 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Blackstone Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713893419_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Blackstone has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Blackstone's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Blackstone's peer group average for short interest as a percentage of float is 2.69%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(BX) - Analyzing Blackstone's Short Interest

Warner Bros. Discovery's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NYSE">WBD</a>) short percent of float has risen 9.05% since its last report. The company recently reported that it has 110.63 million shares sold short, which is 4.58% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.1 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Warner Bros. Discovery Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713893414_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Warner Bros. Discovery has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Warner Bros. Discovery's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Warner Bros. Discovery's peer group average for short interest as a percentage of float is 5.92%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Warner Bros. Discovery?

&#8216;Dogecoin Killer&#8217; Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) has witnessed significant whale activity driven by a 26% weekly surge, with the lead developer signaling confidence in the <a href="https://www.benzinga.com/money/shiba-inu-price-prediction">meme coin's performance</a>.
What Happened: Etherscan data shows one whale address that accumulated 237.87 billion SHIB on Monday. The anonymous wallet was set up recently, and the transaction could mean an over-the-counter purchase or a whale distributing their cryptocurrency stash between smaller blockchain addresses. 
This news comes amid Shiba Inu <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38358696/dogecoin-killer-shiba-inu-up-19-in-2-days-raises-12m-for-new-blockchain">announcing a $12 million investment</a> received for developing the new Layer 3 network that will focus on security and privacy.
Shibburn data points to a total of 411.9 million coins burnt in the past seven days, further contributing to the positive sentiment surrounding the meme coin.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38337646/dogecoin-killer-shiba-inu-whale-transactions-spike-55-100b-by-2025-predicts-crypto-investo">&#8216;Dogecoin Killer&#8217; Shiba Inu Whale Transactions Spike 55%: &#8216;$100B By 2025,&#8217; Predicts Crypto Investor</a>
Why It Matters: IntoTheBlock data shows an 18.3% spike in large transaction volume to $97.55 million, while concentration by large holders stands at 73%. Shibariumscan data highlights an increase in new contracts to 38 as of April 22, compared to 18 as of April 21.
Shiba Inu lead developer Shytoshi Kusama, in his latest tweet, explained why he kept changing location as he was pitching his ideas to the smartest minds in the industry. 
He stated, &#8220;This is a big day for SHIB as we push forward for encryption and elevate our entire brand,&#8221; adding that there is much in store for the Shib army.
Price Action: At the time of writing, SHIB was trading at $0.00002724, up 2.5% over the past 24 hours.
What's Next: The influence of meme coins and&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;are topics expected to be thoroughly explored at Benzinga's upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38321897/dogecoin-shiba-inu-and-who-else-how-meme-coins-have-evolved-since-the-last-bitcoin-halving">Dogecoin, Shiba Inu And Who Else? How Meme Coins Have Evolved Since The Last Bitcoin Halving</a>
Image: Shutterstock

$SHIB

Shiba Inu Whale Accumulates 237B SHIB In One Transaction:  'Much In Store For The SHIB Army,' Vows Lead Developer

HC Wainwright &amp; Co. analyst Swayampakula Ramakanth reiterates Corcept Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORT#NASDAQ">CORT</a>) with a Buy and maintains $38 price target.

Reiteration

CORT

HC Wainwright & Co. Reiterates Buy on Corcept Therapeutics, Maintains $38 Price Target

Neurocrine Biosciences Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBIX#NASDAQ">NBIX</a>) revealed on Tuesday topline data for its Phase 2 SAVITRI study of NBI-1065845 in adult subjects with <a href="https://www.benzinga.com/pressreleases/24/04/n38375091/neurocrine-biosciences-reports-positive-phase-2-data-for-nbi-1065845-in-adults-with-major-depressi" target="_blank" rel="noreferrer noopener">major depressive disorder (MDD)</a>. 
In 2020, Neurocrine Biosciences and&nbsp;Takeda Pharmaceutical Company Limited&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAK#NYSE">TAK</a>) entered into a strategic collaboration to develop and commercialize compounds in Takeda&#8217;s early-to-mid-stage psychiatry pipeline, including an exclusive license to NBI-1065845 (TAK-653).
The study met its primary and&nbsp;key&nbsp;secondary endpoints, demonstrating that once-daily, oral administration of NBI-1065845 produced a statistically significant change from baseline in Montgomery Åsberg Depression Rating Scale (MADRS) total score at both Day 28 (primary) and Day 56 (secondary).&nbsp;
In the&nbsp;full&nbsp;analysis data set, the least squares (LS) mean differences from baseline in MADRS total score for NBI-1065845 were:
One of the doses demonstrated improvement over the placebo of -4.3 (p-value = 0.0159) and -7.5 (p-value = 0.0016) at Day 28 and Day 56, respectively.
The other undisclosed dose did not achieve statistical significance but demonstrated a trend toward improvement over the placebo of -3.0 (p-value = 0.0873) and -3.6 (p-value = 0.1082) at Day 28 and Day 56, respectively.
NBI-1065845 was generally well tolerated.&nbsp;
The most common adverse event was headache.&nbsp;The adverse event profile for both doses of NBI-1065845 was comparable to the placebo. There were no deaths or serious adverse events.&nbsp;
The discontinuation rates were low throughout the study.
William Blair suggested the company&#8217;s recent update is a positive development, especially considering its inconsistent performance in the midstage pipeline, particularly with the neuropsychiatry portfolio obtained from Takeda.&nbsp;
Although depression remained challenging to address due to placebo effects, the update indicated the potential for a significant sales opportunity exceeding $1 billion for a new antidepressant mechanism.
Despite this, there is cautious optimism, although replication in pivotal studies is crucial.&nbsp;
Investors are also eagerly awaiting updates on the M4-agonist &#8216;568 program, given positive results from similar programs in the industry.&nbsp;
In the meantime, the company&#8217;s value largely depends on Ingrezza revenue, with anticipation for the first-quarter earnings call on May 1. 
William Blair maintained an <a href="https://www.benzinga.com/quote/NBIX/analyst-ratings" target="_blank" rel="noreferrer noopener">Outperform rating on Neurocrine</a>.
NBIX Price Action: NBIX shares are up 4.29% at $139.31 at the last check Tuesday.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38385424/quest-diagnostics-says-sales-in-q1-increased-for-the-first-time-since-the-height-of">Quest Diagnostics Says Sales In Q1 Increased For The First Time Since The Height Of Pandemic</a>
Photo: Julia Koblitz via Unsplash

Biotech

Health Care

Movers

General

NBIX

Neurocrine Biosciences Says Treatment Can Alleviate Several Symptoms Associated With Depressive Disorder

Rumors

Watching Zoom Video Communications; Hearing Columbia University Classes May Go Remote For The Rest Of The Year Due To Protests

<a href="https://president.columbia.edu/news/statement-columbia-university-president-minouche-shafik-4-22" title="https://president.columbia.edu/news/statement-columbia-university-president-minouche-shafik-4-22">https://president.columbia.edu/news/statement-columbia-university-president-minouche-shafik-4-22</a>

On Monday, Columbia University President Cited Protests As Cause For Virtual Classes

Wedbush analyst David Nierengarten reiterates Vor Biopharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VOR#NASDAQ">VOR</a>) with a Outperform and maintains $11 price target.

Wedbush Reiterates Outperform on Vor Biopharma, Maintains $11 Price Target

WIIM

SMCI

Super Micro Computer shares are trading higher as the stock rebounds following Friday's selloff.

Canaccord Genuity analyst Jeremy Hoy maintains Skeena Resources (TSX:<a class="ticker" href="https://www.benzinga.com/stock/SKE#TSX">SKE</a>) with a Speculative Buy and raises the price target from C$14.75 to C$17.

TSX:SKE

Canaccord Genuity Maintains Speculative Buy on Skeena Resources, Raises Price Target to C$17

GE Vernova shares are trading higher. GE Aerospace today reported Q1 earnings.

ALAB

Astera Labs shares are trading higher as AI and semiconductor-related stocks rebound after Friday's drop.

JP Morgan analyst Reginald Smith reiterates Affirm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) with a Neutral.

AFRM

JP Morgan Reiterates Neutral on Affirm Holdings

In early 2021, Ark Invest, led by tech investor Cathie Wood, managed a staggering $59 billion across six funds, making it the world&#8217;s <a href="https://www.benzinga.com/topic/cathie-wood">largest active ETF manager.</a>
Three years later, a significant 80% downturn occurred, with assets under management in those funds plummeting to just $11.1 billion. This decline can be attributed to a combination of factors, including high interest rates dampening Wood&#8217;s long-term speculative tech investments and the subsequent wave of outflows from disillusioned investors.
To give a sense of the&nbsp;scale, investors had withdrawn a substantial $2.24 billion from Wood&#8217;s actively managed funds by the end of the third week of April 2024, nearly tripling the outflows seen throughout all of 2023. 
Notably, Ark&#8217;s flagship fund, the ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>), experienced outflows exceeding $1.3 billion in less than four months this year, far surpassing the $578 million seen in 2023.
Below is a breakdown of the fund flows for Ark&#8217;s actively managed ETFs in 2024 compared to 2023:
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>ARK Actively Managed ETFs</th>
<th>YTD 2024 Fund Flows (as of Apr. 19)</th>
<th>2023 Fund Flows</th>
</tr>
</thead>
<tbody>
<tr>
<td>ARK Innovation ETF </td>
<td>-1.37 B</td>
<td>-578.15 M</td>
</tr>
<tr>
<td>ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>)</td>
<td>-211.66 M</td>
<td>-63.93 M</td>
</tr>
<tr>
<td>ARK Genomic Revolution ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKG#BATS">ARKG</a>)</td>
<td>-363.74 M</td>
<td>40.41 M</td>
</tr>
<tr>
<td>ARK Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>) </td>
<td>-144.93 M</td>
<td>-58.26 M</td>
</tr>
<tr>
<td>ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>)</td>
<td>-126.76 M</td>
<td>-53.14 M</td>
</tr>
<tr>
<td>ARK Space Exploration &amp; Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKX#BATS">ARKX</a>)</td>
<td>-21.97 M</td>
<td>-42.23 M</td>
</tr>
</tbody>
<tfoot>
<tr>
<td>Total</td>
<td>2.24 B</td>
<td>755.3 M</td>
</tr>
</tfoot>
</table>
<figcaption class="wp-element-caption">Source: VettaFi</figcaption></figure>
"The loyal shareholders have become frustrated," Todd Rosenbluth, head of research at data provider VettaFi, told <a href="https://www.wsj.com/finance/investing/ark-funds-cathie-wood-investors-56e2950c">The Wall Street Journal</a>. 
Despite the promising outlook for Ark&#8217;s growth and disruptive technology investment style this year, Rosenbluth said heavy concentration of funds in underperforming companies remains a concern. 
With the sole exception of Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) and Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), none of the other top 10 holdings in the Ark innovation ETF have yielded positive returns in 2024.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>Weight</td>
<td>Return</td>
</tr>
<tr>
<td>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)</td>
<td>9.38%</td>
<td>35.60%</td>
</tr>
<tr>
<td>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td>9.32</td>
<td>-41.76</td>
</tr>
<tr>
<td>Roku, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>)</td>
<td>8.27</td>
<td>-33.26</td>
</tr>
<tr>
<td>Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>)</td>
<td>6.98</td>
<td>-4.80</td>
</tr>
<tr>
<td>UiPath Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>) </td>
<td>5.69</td>
<td>-21.46</td>
</tr>
<tr>
<td>CRISPR Therapeutics AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSRP#NASDAQ">CSRP</a>)</td>
<td>4.92</td>
<td>-7.28</td>
</tr>
<tr>
<td>Zoom Video Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>)</td>
<td>4.50</td>
<td>-15.59</td>
</tr>
<tr>
<td>Roblox Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>)</td>
<td>4.47</td>
<td>-19.14</td>
</tr>
<tr>
<td>Robinhood Markets, Inc. </td>
<td>4.21</td>
<td>38.85</td>
</tr>
<tr>
<td>Unity Software Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>)</td>
<td>3.33</td>
<td>-43.14</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Data as of Apr. 23, 2024</figcaption></figure>
Read Also: <a href="https://www.benzinga.com/markets/equities/24/04/38368840/cathie-woods-ark-invest-seizes-tesla-dip-acquires-over-17m-in-shares-ahead-of-q1-results-zoom-st">Cathie Wood&#8217;s Ark Invest Seizes Tesla Dip, Acquires Over $17M in Shares Ahead Of Q1 Results — Zoom Stock Dumped</a>
<h1 class="wp-block-heading">Short Strategies On Cathie Wood&#8217;s Ark Funds Emerge</h1>
The underperformance of Cathie Wood&#8217;s actively managed funds has prompted other ETF issuers to undertake short strategies on Ark ETFs. 
AXS Investments launched the AXS Short Innovation Daily ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SARK#NASDAQ">SARK</a>) at the end of 2021, which shorts Wood&#8217;s flagship ARKK fund and has seen a 40% increase since inception. During the same timeframe, the ARKK Innovation ETF were down by over 60%. 
In May 2022, AXS Investments also launched the AXS 2X Innovation ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TARK#NASDAQ">TARK</a>), which shorts ARKK with a leverage of 2x. 
<h1 class="wp-block-heading">Chart: Shorting Cathie Wood&#8217;s Flagship Fund Brings Robust Returns </h1>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23110907/image-167-1024x495.png" alt="" class="wp-image-304720" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23110907/image-167-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23110907/image-167-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23110907/image-167-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23110907/image-167-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23110907/image-167.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Greg Bassuk, CEO of AXS Investments, highlighted on CNBC last month a spike in inflows affecting these two funds: "With thousands of startups and small high growth companies driving innovation having received financing from Silicon Valley Bank and others like it, this really could be a harbinger for concern around the ability of these kinds of innovation-driving companies to get financing going forward."
Seven days following the fallout of Silicon Valley Bank, the AXS Short Innovation Daily ETF and the AXS 2X Innovation ETF witnessed an 80% and 50% jump in trading activity, respectively. 
Read Now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38372445/cathie-woods-ark-invest-says-bitcoin-could-be-priming-for-over-3-000-rally-over-nex">Cathie Wood&#8217;s Ark Invest Says Bitcoin Could Be Priming For Over 3,000% Rally Over Next 12 Months As King Crypto Becomes Less Inflationary Than Gold After Halving</a>
Cathie Wood photo courtesy of Ark Invest.

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Latest News for FT Vest U.S. Equity Deep Buffer ETF - August (BATS:DAUG)

Wednesday, August 23, 2023