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.