Fund Flows: Silver Mining ETF Adds Over $200 Million, SPDR Junk Bonds Bleed - Mid-Cap Winners And Losers
Portfolio Pulse from Johnny Rice
A screening of mid-cap ETFs revealed that Vanguard Long-Term Treasury ETF (VGLT) and iShares Silver Trust (SLV) had the largest positive returns on the week, adding $226.42 million and $202.52 million in net assets respectively. On the other hand, SPDR Bloomberg High Yield Bond ETF (JNK) and SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) had the largest negative returns, losing $1.296 billion and $353.40 million in AUM respectively.
October 10, 2023 | 8:57 pm
News sentiment analysis
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POSITIVE IMPACT
SLV gained $202.52 million in AUM on the week, indicating positive investor sentiment.
The addition of $202.52 million in AUM suggests that investors are showing interest in SLV, which could potentially drive its price up in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
VGLT added $226.42 million in net assets over the trailing week, indicating positive investor sentiment.
The addition of $226.42 million in net assets suggests that investors are showing interest in VGLT, which could potentially drive its price up in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
JNK lost $1.296 billion in AUM on the week, indicating negative investor sentiment.
The loss of $1.296 billion in AUM suggests that investors are pulling out of JNK, which could potentially drive its price down in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
SJNK lost $353.40 million in AUM on the week, indicating negative investor sentiment.
The loss of $353.40 million in AUM suggests that investors are pulling out of SJNK, which could potentially drive its price down in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100