Retail Traders Snapped Up $2 Billion of ETFs, Stocks During Rout
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Retail investors were quick to plow cash into the biggest U.S. exchange-traded funds and industries like airlines and travel stocks when the market was hammered on Friday.
The day-trading crowd snapped up roughly $2 billion in assets like the SPDR S&P 500 ETF Trust (ticker SPY) and Invesco QQQ Trust Series 1 (ticker QQQ) on Friday as the buy-the-dip crowd stepped in where Wall Street didn’t, according to data from Vanda Research, a firm that tracks retail-trading flows in the U.S.