Red Flags in the ETF Market
When examining the landscape of ETFs covered at ETF Channel, a stark trend has emerged. The iShares Core S&P 500 ETF (IVV) witnessed a mass exodus, with a staggering 45,550,000 units obliterated, signifying a 5.2% plummet in just one week. Among IVV’s major underlying components, Microsoft showcased a modest 0.4% surge in morning trading, while Apple remained in a state of relative stability.
Accelerated Departure: Saying Goodbye to BWET ETF
Moreover, on a percentage basis, the BWET ETF experienced a precipitous shed, shedding 75,000 units, marking a massive 30.0% decline in outstanding units compared to the previous week.
VIDEO: IVV, BWET: Big ETF Outflows
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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