ETFs See Significant Inflows: Focus on ITOT and HIBL
In comparing units outstanding from one week ago within the ETF coverage universe at ETF Channel, the iShares Core S&P Total U.S. Stock Market ETF (ITOT) recorded the largest inflow. This ETF gained 19,700,000 units, marking a 3.9% increase from the previous week. During morning trading today, key constituents of ITOT showed some declines, with Microsoft down approximately 2% and Apple decreasing by about 2.6%.
On a percentage basis, the Direxion Daily S&P 500 High Beta Bull 3x Shares ETF (HIBL) demonstrated the most significant growth in inflows. This ETF added 550,000 units, which represents a remarkable 38.9% increase in outstanding units. Notably, in morning trading, Super Micro Computer experienced a slight dip of 0.2%, while Nvidia saw a more substantial drop of 6.4%.
VIDEO: ITOT, HIBL: Big ETF Inflows
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