ETF Winners And Losers: Small-Cap Fund Flows - Banking ETF Gains Over $400 Million While QQQE Loses Over $350 Million
Portfolio Pulse from Johnny Rice
A screening of small-cap ETFs revealed significant changes in net assets. Invesco KBW Bank ETF (KBWB) gained $411.89 million, with its largest holdings being Bank of America Corp (BAC) and Morgan Stanley (MS). BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) added $197.26 million. On the losing side, Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) lost $351.16 million, with its largest holdings being Sirius XM Holdings, Inc. (SIRI) and Old Dominion Freight Line, Inc. (ODFL). iShares Fallen Angels USD Bond ETF (FALN) lost $262.93 million.
July 26, 2023 | 6:46 pm
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POSITIVE IMPACT
KBWB gained $411.89 million in net assets over the trailing week.
The significant gain in net assets indicates a positive investor sentiment towards KBWB, which could potentially drive its price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
XONE added $197.26 million in net assets over the trailing week.
The increase in net assets suggests a positive investor sentiment towards XONE, which could potentially drive its price up in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
FALN lost $262.93 million in net assets over the trailing week.
The significant loss in net assets indicates a negative investor sentiment towards FALN, which could potentially drive its price down in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
QQQE lost $351.16 million in net assets over the trailing week.
The significant loss in net assets indicates a negative investor sentiment towards QQQE, which could potentially drive its price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100