ETFRHO - 1nvest Rhodium ETF
The 1nvest Rhodium ETF (ETFRHO) is a rhodium-linked exchange traded fund evidenced by debentures issued by 1nvest ETF Issuer (RF) Limited. The aim of the debentures is to provide investors exposure linked to the rand performance of the underlying commodity being rhodium. The ETFRHO debentures are fully backed by physical rhodium, approximately equivalent to 1/100 ounces of the commodity and the value of which are expected to rise or fall in accordance with fluctuations in the rand price of rhodium. The underlying rhodium of the debentures are held in safe custody on behalf of investors by an approved custodian.
1nvest ETF Issuer (RF) Limited is a special purpose vehicle, the sole purpose of which, in terms of its Memorandum of Incorporation, is to conduct the business of ETFs by issuing debentures, which are fully backed by physical commodity. 1nvest does not have any employees of its own but is managed by The Standard Bank of South Africa Limited which has agreed with the issuer in terms of which Standard Bank will perform the daily functions for 1nvest. However, in order to meet its operating expenses, 1nvest ETF Issuer (RF) Ltd charges an annual fee of 0.75% (excluding VAT) of the value of the underlying rhodium held in custody.
1nvest Rhodium ETF is listed on the Johannesburg Stock Exchange (JSE). 1nvest Rhodium ETF is traded on the JSE under the ticker symbol “ETFRHO”. The International Securities Identification Number (ISIN) of JSE:ETFRHO is ZAE000210787. 1nvest Rhodium ETF is currently the 347th most valuable stock on the JSE with a market capitalization of ZAR 153 million, which makes about 0.0008% of the Johannesburg Stock Exchange equity market.
| Last Trading Results | |
|---|---|
| Opening Price | |
| Day’s Low Price | 659.63 |
| Day’s High Price | 679.99 |
| Traded Volume | 44 |
| Number of Deals | 3 |
| Gross Turnover | 29,227.00 |
| Growth & Valuation | |
|---|---|
| Earnings Per Share | |
| Price/Earning Ratio | |
| Dividend Per Share | |
| Dividend Yield | |
| Shares Outstanding | 229,405 |
| Market Capitalization | 153M |
ETFRHO Stock Market Performance
| 1WK | 4WK | 3MO |
|---|---|---|
| +0.43% | -5.5% | -22.6% |
| 6MO | 1YR | YTD |
|---|---|---|
| -50.6% | -68.8% | -64.3% |
The current share price of 1nvest Rhodium ETF (ETFRHO) is ZAR 659.63. ETFRHO closed its last trading day (Tuesday, September 26, 2023) at 668.39 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 0.2% drop from its previous closing price of 670.00 ZAR. 1nvest Rhodium ETF began the year with a share price of 1,871.99 ZAR but has since lost 64.3% off that price valuation, ranking it 386th on the JSE in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that ETFRHO has lost 6% of the stock’s value from August 28th to date.
1nvest Rhodium ETF is the 365th most traded stock on the Johannesburg Stock Exchange over the past three months (Jun 28 - Sep 26, 2023). ETFRHO has traded a total volume of 24,868 shares—in 576 deals—valued at ZAR 17.3 million over the period, with an average of 395 traded shares per session. A volume high of 7,653 was achieved on September 5th for the same period. The table below details the last 10 trading days of activity of 1nvest Rhodium ETF on the Johannesburg Stock Exchange.
| Date | Volume | Close | Change | Change% |
|---|---|---|---|---|
| 2023-09-26 | 175 | 668.39 | -1.61 | -0.24% |
| 2023-09-22 | 20 | 670.00 | ||
| 2023-09-20 | 219 | 670.00 | ||
| 2023-09-19 | 173 | 670.00 | +4.45 | +0.67% |
| 2023-09-18 | 62 | 665.55 | -12.70 | -1.87% |
| 2023-09-15 | 220 | 678.25 | +5.78 | +0.86% |
| 2023-09-14 | 355 | 672.47 | -1.55 | -0.23% |
| 2023-09-13 | 624 | 674.02 | -8.35 | -1.22% |
| 2023-09-12 | 11 | 682.37 | +6.50 | +0.96% |
| 2023-09-11 | 131 | 675.87 |
Profile of 1nvest ETF Issuer (RF) Limited
1nvest ETF Issuer (RF) Limited operates in the Financials sector, specifically, the Investment Services industry.
Factsheet of 1nvest ETF Issuer (RF) Limited
- Sector
- Financials
- Industry
- Investment Services
- Address
- 17 Melrose Boulevard, Melrose Arch 2196, Johannesburg, South Africa
- Telephone
- +27-11-415-5000, +27-11-448-6000
- info@1nvest.co.za
- Website
- www.1nvest.co.za
ETFRHO Industrial Market Competitors
1nvest ETF Issuer (RF) Limited, issuers of the ETFRHO, 1nvest S&P 500 IT ETF (+50.42%), 1nvest S&P 500 Index ETF (+26.56%), 1nvest MSCI World ETF (+24.19%), 1NVEST MSCI World SRI ETF (+24.18%), 1nvest Gold ETF (+17.06%), 1nvest USD Short-Dated Treasury Index Feeder ETF (+13.78%), 1nvest MSCI EM Asia ETF (+11.21%), 1nvest G7 Govt Bond ETF (+7.35%), 1nvest Global REIT ETF (+4.67%) and 1nvest TOP 40 ETF (+0.62%) stocks on the Johannesburg Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Investment Services industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.
| Code | Name | M. Cap. | Close | YTD |
|---|---|---|---|---|
| 4SI | 4Sight Holdings Limited | 240M | 0.45 | +80% |
| STXNDQ | Satrix Nasdaq 100 Prtf | 4.03B | 157.22 | +49.4% |
| STX500 | Satrix S&P 500 Feeder | 4.22B | 85.15 | +26.3% |
| CSP500 | CoreShares S&P 500 | 1.91B | 82.72 | +25.9% |
| SYGUS | Sygnia Itrix MSCI US ETF | 6.75B | 76.40 | +25.5% |
| SYG500 | Sygnia Itrix S&P 500 ETF | 4.46B | 82.77 | +24.9% |
| SYGJP | Sygnia Itrix MSCI Japan ETF | 1.07B | 18.54 | +23.9% |
| STXWDM | Satrix MSCI World Feeder | 9.74B | 77.11 | +23.9% |
| SYGESG | Sygnia Itrix S&P Global 1200 ESG ETF | 1.54B | 45.76 | +22.4% |
| STXESG | Satrix MSCI World ESG ETF | 200M | 66.57 | +22.4% |
