Skip to content
Subscriber Only
Technology

Traders Dump Tech ETF, Discounting Any Boost From Apple Results

  • Fund tracking sector poised for biggest outflows in 15 months
  • Options signal higher volatility for Apple after earnings
Video player cover image

Finding Fair Value in a Global Market Selloff

Joseph Ciolli

Investors are fleeing technology stocks at a pace not seen in over a year, and Apple Inc.’s earnings today has done little to change their mind.

So far this month, $1.1 billion has left the largest exchange-traded fund tracking technology stocks. That puts January on pace for the biggest monthly outflow since October 2014. Short interest in the ETF also jumped last week to a four-month high, data compiled by Bloomberg and Markit Ltd. show.