Fluidigm Mutes the Performance of IHI’s Small Caps
How IHI Is Performing as We Near the End of 2015
IHI small caps underperform
The small caps of the iShares US Medical Devices ETF (IHI) gained 0.3% and underperformed IHI along with the SPDR S&P 500 ETF (SPY) on December 22, 2015. IHI’s small caps account for 4.5% of its portfolio. As of December 22, 2015, IHI holds 18 small-cap stocks. Out of the 18 stocks, eight stocks gave negative returns and ten stocks gave positive returns. The small-cap stocks include stocks like NxStage Medical (NXTM) and Heartware International (HTWR), which gave returns of 4.4% and -1.4%, respectively.
The above graph reflects the performance of IHI small caps, IHI, and SPY on a day-to-day basis. Since the start of December 2015, IHI small caps have returned -0.3%, IHI has returned 0.35%, and SPY has returned -2.4%.
Fluidigm mutes the performance of IHI small caps
Fluidigm (FLDM) went down by 4% on profit booking. FLDM closed at $10.65 and was trading below its 100-day moving average but above its 20-day moving average. The stock has an RSI (relative strength index) of 60, indicating that the stock is neither oversold nor overbought. The trading volumes witnessed a downward trend with ~211,000 shares being traded as compared to the five-day average trading volume of 307,000 shares per day. Year-to-date (or YTD), FLDM has given a return of -68.5%. FLDM has a book value of $4.31. With its current price, the stock is trading at a price-to-book value of 2.5x. FLDM has a weight of ~0.1% in IHI’s portfolio.
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