Guggenheim Wilshire Micro Cap ETF (WMCR) - NYSEARCA
  • Oct. 15, 2014, 3:08 PM
    | Oct. 15, 2014, 3:08 PM | 1 Comment
  • Oct. 13, 2014, 1:33 PM
    • Electronic Cigarettes International Group, Ltd. (OTCQB:ECIG) is set for its IPO of 33.3M shares of common stock at a prospective price of $4.50 per share. The firm is selling 28,443,133 shares and selling shareholders are offering 4,890,200.
    • The company markets and distributes electronic cigarettes and accessories through over 50K outlets in multiple countries.
    • Proforma 2013 financials: Revenues: $113.2M; Gross Profit: $55.5M; Operating Expenses: $48.9M; Operating Income: $6.5M; Net Loss: ($11.4M); Loss Per Share: ($0.11).
    • Proforma 1H 2014 financials: Revenues: $48.5M; Gross Profit: $26.8M; Operating Expenses: $57.9M; Operating Loss: ($31.1M); Net Loss: ($10.5M); Loss Per Share: (0.08).
    • Actual 1H 2014 financials: Revenues: $15.4M (+862.5%); Gross Profit: $8.2M (+780.1%); Operating Expenses: $92.8M (-999%); Operating Loss: ($84.6M); Net Loss: ($84.5M); Loss Per Share: ($1.23); Quick Assets: $5.6M (+166.7%); Cash Burn Ops: ($10.9M) (-999%).
    • The company expects Q3 2014 revenues to be $16M - 17M (pro forma net $22.9M - 24.3M).
    • S-1
    • ETFs: IWM, TZA, TNA, IWC, UWM, VB, IJR, SLY, RWJ, VBK, URTY, SCHA, TWM, IWO, RWM, IJT, SRTY, SAA, DWAS, VTWO, SLYG, VIOO, SDD, RZG, PZI, SBB, RSCO, FDM, JKJ, UKK, VTWG, VIOG, WMCR, FYX, EWRS, XSLV, TWOK, SKK, JKK, SMLV, PXSG, FYC, PXSC, CSF
    • ETFs: IRY, IXJ (IPO -0.5%)
    | Oct. 13, 2014, 1:33 PM | 4 Comments
  • Sep. 19, 2014, 2:41 PM
    • There's not  a lot of action in the large cap averages this session, but the Russell 2000 (IWM -1.1%) continues to shed ground both absolutely and relative to the S&P 500, and has now turned negative for the year - it's lower by 1.1% YTD, ceding about 1000 basis points to the S&P,
    • Maybe bearish, but probably bullish for those with a contrarian streak, technicians are starting to warn about the dreaded "Death Cross" - the 50-day moving average moving below the 200-day moving average. Ryan Detrick points out 19 instances since 1988 where the Russell 2000 has completed a Death Cross - it's tended to be bearish in the very short-term, but bullish over longer periods.
    • ETFs: IWM, TZA, TNA, IWC, UWM, VB, IJR, SLY, RWJ, URTY, SCHA, TWM, RWM, SRTY, SAA, DWAS, VTWO, VIOO, SDD, SBB, PZI, FDM, JKJ, RSCO, WMCR, XSLV, FYX, EWRS, TWOK, SMLV, PXSC, CSF
    | Sep. 19, 2014, 2:41 PM | 5 Comments
  • Sep. 18, 2014, 3:47 PM
    | Sep. 18, 2014, 3:47 PM
  • Jul. 25, 2014, 2:31 PM
    | Jul. 25, 2014, 2:31 PM | 11 Comments
  • Jul. 10, 2014, 7:12 AM
    | Jul. 10, 2014, 7:12 AM | 10 Comments
  • Jul. 7, 2014, 1:45 PM
    | Jul. 7, 2014, 1:45 PM | 4 Comments
  • Feb. 24, 2014, 1:08 PM
    • Up 2.5% for the year, the Russell Microcap Index - its members' median market value is $221M - is leading the major stock indexes (including a 1.3% gain today, the Russell Microcap Index ETF IWC is up 4% YTD).
    • The Russell 2000 small-cap index (median size $699M) is ahead 0.1%. The Russell 1000 (median size $7.4B) is down 0.1%.
    • If small is better, than why isn't the Russell 2000 benefitting, and if size is bad, why isn't the Nasdaq 100 (up 2%) lagging?
    • Instead microcap outperformance is instead about biotech - think Intercept Phamra up 447% YTD, Ligand up 44%, Keryx up 28%, Sangamo up 45%. Intercept alone accounts for about a quarter of the microcap's index performance this year, according to the team at Citi.
    • Related ETFs: IWC, FDM, PZI, WMCR
    | Feb. 24, 2014, 1:08 PM
  • Nov. 23, 2013, 2:53 PM
    | Nov. 23, 2013, 2:53 PM | 12 Comments
  • Oct. 9, 2013, 11:27 AM
    • If small caps are "under-researched," then what does that say about micro-caps, writes Alpha Vulture. They're clearly even more "under-researched" and even less efficiently priced.
    • This, of course, is not new information, but the individual investor doesn't have to worry about a client pulling funds and the necessity of exiting a barely-traded stock at exactly the wrong time. Investing in micro-caps with a long-enough time horizon enables the individual to capture this liquidity discount.
    • Relevant ETFs: IWC, FDM, WMCR, PZI.
    | Oct. 9, 2013, 11:27 AM
  • Jul. 10, 2013, 12:03 PM

    Public Enemy #1 for microcap (IWC) investors is dilution, writes Ian Cassel, so take extra caution investing in capital-intensive groups like mining, energy, and biotech - institutions just short the stock waiting for the next capital raise and the shares can never seem to get out of their own way. Serial money raisers can naturally be found in all industries so be wary of unprofitable companies. When management says it has enough cash to become profitable, don't believe them.

    | Jul. 10, 2013, 12:03 PM
  • May 29, 2013, 12:41 PM
    Kevin Shea offers up 5 microcap (IWC) ideas based on how they've dealt with or are about to deal with "crossing the chasm" - their customer base moving from early adopters to early mainstream. Power Solutions (PSIX) long-ago passed the chasm, MiMdex Group (MDXG) just exited, AxoGen (AXGN) is just entering, and Charles & Colvard (CTHR) has new management hoping to push the company out.
    | May 29, 2013, 12:41 PM
  • Mar. 25, 2013, 9:26 AM

    There's a "chasm of untold and historic proportions" in microcaps (IWC), writes Marc Robins, making the case for the sector. "The market has worked for over 3 decades crowding-out any interest, support or ownership of the tertiary issues," he says, excited over the number of low-risk 3-10 baggers out there right now.

    | Mar. 25, 2013, 9:26 AM | 1 Comment
  • Dec. 6, 2012, 3:46 PM
    John Bogle's never bought the idea that small caps outperform large caps over time, but his assertion is based on the removal from the 20th century a decade of particular small cap outperformance starting in 1973. Without it, he says, large caps have actually done better. Is this fair? What if we remove a decade of large cap dominance? In 2012, microcaps (IWC) have gained 15%, vs. 11.6% for the Russel 2000 (IWM), and 13.6% for the SPY.
    | Dec. 6, 2012, 3:46 PM | 2 Comments
  • Nov. 19, 2012, 1:25 PM
    The selloff since mid-September was especially bruising to microcaps (IWC), which slid 10.3% (before today's 1.9% bounce) vs. a 7% decline in the S&P and a 6.3% fall in the Russell 2000. For the year, microcaps lag the 10.3% gain in the S&P and small-caps by 160 basis points.
    | Nov. 19, 2012, 1:25 PM
  • Sep. 14, 2012, 3:01 PM
    Maybe signalling the risk appetite needed for further gains (or a sign of froth), microcaps join small caps in leading the equity rally over the past month. Up 8.9%, the Russell Microcap Index (IWC) has outperformed the S&P 500 by 540 basis points, and taken the lead YTD by 290 basis points.
    | Sep. 14, 2012, 3:01 PM
WMCR Description
"The Wilshire Micro-Cap ETF* (NYSE: WMCR), (the ""Fund""), seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an equity index called the Wilshire US Micro-Cap IndexSM (the “Wilshire Micro-Cap” or the “Index”). The Wilshire Micro-Cap is a rules-based index comprised of, as of July 31, 2010, approximately 1,597 securities of micro-capitalization companies, as defined by Wilshire Associates Incorporated (“Wilshire” or the “Index Provider”). The Wilshire Micro-Cap is designed to represent micro-sized companies and is a subset of the Wilshire 5000 Total Market IndexSM (the “Wilshire 5000”). The Wilshire Micro-Cap represents a float-adjusted, market capitalization-weighted index of the issues ranked below 2500 by market capitalization of the Wilshire 5000. Under normal conditions, the Fund will invest at least 80% of its assets in securities of micro-capitalization companies. In addition, the Fund will normally invest at least 80% of its total assets in equity securities that comprise the Index. *Prior to August 20, 2010, the Fund's name was Guggenheim/Sabrient Stealth ETF and the Fund sought to replicate an index called the Sabrient Stealth Index." *Prior to August 20, 2010, the Fund's name was Claymore/Sabrient Stealth ETF and the Fund sought to replicate an index called the Sabrient Stealth Index.
See more details on sponsor's website
Country: United States
ETF Hub
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub