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Roundhill Launches First-Of-Its-Kind Metaverse ETF, META

Roundhill Launches First-Of-Its-Kind Metaverse ETF, META
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Big Moves in the Streaming Space Shining the Spotlight on SUBZ

May 20, 2021 Streaming entertainment is has been around for a while, but it’s still rapidly growing. Consolidation is rampant, with big moves this week putting the The actively managed SUBZ debuted in February and is the first exchange traded fund dedicated to streaming equities. When it comes to streaming names, Netflix (NASDAQ: NFLX) and Walt Disney (NYSE: DIS) may come to mind. That pair combines for almost 10% of the fund’s weight. However, there’s more to the streaming space. Earlier this week, AT&T (NYSE: T) agreed to shed its media assets by merging its WarnerMedia division with SUBZ component Discovery (NASDAQ: DISCA). WarnerMedia is home to one of Hollywood’s biggest movie producers and holds the coveted HBO Max streaming property.

I Don t See Anything Compelling on Netflix Right Now

I Don t See Anything Compelling on Netflix Right Now Let s take a close look at the NFLX charts. Stocks quotes in this article: NFLX, SUBZ Netflix Inc. (NFLX) has global recognition as a streaming service. However, the industry is growing and now you can even consider an ETF in this disruptive technology the Roundhill Streaming Services & Technology ETF with the symbol (SUBZ) . Let s stick with individual names for now, though, and see what the charts of NFLX look like today.  In the daily bar chart of NFLX, below, we can see that the shares have largely been stuck in a wide trading range bounded by $460 and $580, give or take. Prices have crisscrossed the 50-day moving average line many times but we can now see the shares trading above the rising 50-day average. The 200-day line is rising and was almost tested last month.

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