VanEck Low Carbon Energy ETF Price & Performance (SMOG)

The VanEck Low Carbon Energy ETF (SMOG) surged 3.66% on Tuesday, closing at $99.37, with trading volume notably higher than the previous day. The ETF has gained 8.55% over the last two weeks, indicating renewed investor interest in the low carbon energy sector as volatility remains moderate.123

While SMOG has posted a strong short-term rally, technical analysis shows a predominantly bearish sentiment. Moving average indicators suggest downward pressure, though oscillators remain neutral. This divergence signals potential volatility ahead, with traders advised to watch for a break of key resistance or support levels in coming sessions.415

SMOG’s holdings reflect broad exposure: utilities comprise 41.7%, consumer discretionary 32.4%, and industrials 15.2%. The ETF is globally diversified, with the US, China, and Spain as top country allocations. This spread offers investors access to a wide range of renewable energy technologies and markets, supporting long-term growth potential.23