Updates in BLUE - RYNVX market capitalization dropped $168Mil Friday 3/3/17
RYNVX - Rydex Nova Fund Investor Class (Long Fund)
RYNVX - Rydex Nova Fund Investor Class (Long Fund)
RYNVX 3-11-09 $22Mil 5-14-15 $177Mil 9-4-15 $53Mil
9-14-15 $52Mil
10-26-15 $140Mil
11/27/15 $182Mil
12/10/15 $187Mil
12/29/15 $189Mil
1/15/16 $51Mil
1/19/16 $37Mil
2/18/16 $37Mil
2/18/16 $37Mil
3/11/16 $52Mil
3/14/16 $159Mil
3/1/17 $316Mil
3/3/17 $148Mil
Note The RYNVX dropped to $148Mil on Friday 3/3/17. That is a whopping drop of $168Mil in market capitalization. This could be interpreted as some were fearful of being long in this Nova Fund. Is that fear bullish for the market? It is possible that this "could" have come from some stock market newsletter writer advising their clients to sell.
When this Long Fund has big changes in market cap in a very short time frame, as it just did on 3/1/17 & 3/3/17, not very sure if this will have any influence in the market. One scenario is that the market continues to grind up and these investors that just sold their long position in this fund come back and buy again. We will keep an eye on this and let you know what happens.
Large & small dollar amounts of market cap in the RYNVX long fund displays Greed & Fear in the market...
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This has been posted for Educational Purposes Only. Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results
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