SPDR S&P 500 ETF Trust Leads Inflows in Latest Week
In the past week, the ETF Channel coverage universe noted significant activity in various exchange-traded funds (ETFs). Leading the pack was the SPDR S&P 500 ETF Trust (SPY), which recorded an impressive addition of 13,550,000 units, representing a 1.3% increase compared to the previous week. This change highlights growing investor confidence.
Today, during morning trading, major components of SPY, including Apple, saw a slight gain of approximately 0.2%, while Nvidia stood out with a 2.2% increase in its stock price.
The standout in terms of percentage increase in inflows was the SMHX ETF, which brought in an additional 100,000 units. This surge represents a remarkable 40.0% rise in outstanding units, showcasing robust interest from traders.
VIDEO: SPY, SMHX: Significant ETF Inflows
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