Investors buy the dip in double-leveraged Nvidia ETFs, with 19 of the top 20 single-day fund inflows being equity ETFs.
Nov 13, 22:04
November 13 - Bloomberg ETF analyst Eric Balchunas posted that the two-times long Nvidia ETF has received a large amount of buy-the-dip purchases, with investors putting in more funds as the price fell.
This round of buying is not limited to Nvidia. Balchunas pointed out that ETF fund inflows over the past two days were mainly concentrated in equity products. Yesterday, ETFs saw a combined inflow of $13 billion, and among the top 20 products by fund inflow, 19 were equity ETFs.