CVIE Breaks Through 52-Week High: A New Milestone for Calvert International Responsible Index ETF

The Calvert International Responsible Index ETF (CVIE.P) is designed to track a market-cap-weighted, ESG-screened index of large-cap stocks from developed markets outside of the US. This ETF focuses on responsible investing by including companies that align with environmental, social, and governance criteria. On the funding side, CVIE has seen a net fund flow of $6,657.19 from regular orders, while experiencing a slight outflow of $8,772.55 from extra-large orders, indicating a mixed sentiment among large investors. However, the overall inflow suggests a positive interest from smaller investors.

CVIE reached a new 52-week high today, driven by a surge in investor demand for ESG-compliant investments, as more institutions and retail investors are prioritizing sustainability in their portfolios.

From a technical perspective, the ETF is currently showing signs of being overbought, according to the Relative Strength Index (RSI). This could indicate that the price has risen too quickly and may be due for a correction. However, there are no immediate signals of a golden cross or dead cross in the moving averages, which typically signal momentum changes. Overall, the absence of bearish indicators suggests that the ETF still maintains a strong upward trend.

The opportunity for CVIE lies in the increasing global emphasis on sustainable investing, which could bolster its performance in the long run. However, the challenge remains in the high valuation levels, as the ETF faces potential volatility and profit-taking from investors who may look to lock in gains after reaching a new high.