Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Importantly, SPY closely tracks the S&P 500 Index (SPX), which was down 1.24% in the regular trading session, while the tech-heavy Nasdaq-100 (NDX) tanked 1.54%.
Fund Flows and Sentiment
SPY’s five-day net inflows totaled $5 billion, showing that investors put capital into the ETF over the past five trading days. Meanwhile, its three-month average trading volume is 74.04 million shares.
It must be noted that the crowd wisdom for the SPY ETF is neutral, while the hedge fund managers have decreased their holdings of the ETF in the last quarter.
