On the fly News and insights, exclusive to thefly.com

XBI

SPDR S&P BIOTECH

$132.86 /

-1.41 (-1.05%)

, IBB

iShares Nasdaq Biotechnology Index

$157.39 /

-1.88 (-1.18%)

14:19
06/18/21
06/18
14:19
06/18/21
14:19

On The Fly: ETF fund flow highlights

For the week there was a very heavy skew to creations versus redemptions in the top twenty dollar volume flows, but much of that skew is likely related to Russell Reconstitution. Excluding that activity, the two standouts among inflows were the iShares Core S&P 500 ETF (IVV), Invesco QQQ Trust (QQQ), iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), and iShares 20+ Year Treasury Bond ETF (TLT). In sum those ETFs comprised over 37% of creations. On the redemptions side the single largest outflow was from the SPDR S&P 500 ETF Trust (SPY) at over 30% of outflows. Bonds saw significant redemptions in the form of the iShares iBoxx USD High Yield Corporate Bond ETF (HYG), iShares 1-3 Year Treasury Bond ETF (SHY), and SPDR Bloomberg Barclays High Yield Bond ETF (JNK). Those ETFs made up over 20% of volume. Biotech saw notable outflows as well from the iShares Biotechnology ETF (IBB) and SPDR S&P Biotech ETF (XBI) at over 13% of volume.

XBI

SPDR S&P BIOTECH

$132.86 /

-1.41 (-1.05%)

IBB

iShares Nasdaq Biotechnology Index

$157.39 /

-1.88 (-1.18%)

JNK

SPDR Barclays High Yield Bond

$109.30 /

-0.09 (-0.08%)

SHY

iShares 1-3 Year Treasury Bond

$86.10 /

-0.075 (-0.09%)

HYG

iShares iBoxx $ High Yield Corporate Bond

$87.42 /

-0.075 (-0.09%)

SPY

SPDR S&P 500 ETF Trust

$416.85 /

-3.754125 (-0.89%)

TLT

iShares 20+ Year Treasury Bond Fund

$145.70 /

+2.65 (+1.85%)

LQD

iShares iBoxx $ Investment Grade Corporate Bond

$134.35 /

+0.71 (+0.53%)

QQQ

Invesco QQQ Trust

$343.75 /

-1.59 (-0.46%)

IVV

iShares Core S&P 500

$418.65 /

-3.8 (-0.90%)

XBI SPDR S&P BIOTECH
$132.86 /

-1.41 (-1.05%)

IBB iShares Nasdaq Biotechnology Index
$157.39 /

-1.88 (-1.18%)

JNK SPDR Barclays High Yield Bond
$109.30 /

-0.09 (-0.08%)

SHY iShares 1-3 Year Treasury Bond
$86.10 /

-0.075 (-0.09%)

HYG iShares iBoxx $ High Yield Corporate Bond
$87.42 /

-0.075 (-0.09%)

SPY SPDR S&P 500 ETF Trust
$416.85 /

-3.754125 (-0.89%)

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Morgan Stanley equity strategist downgrades small cap stocks
03/12/21
On The Fly: Weekly technical notes for S&P 500
01/07/21 Credit Suisse
Credit Suisse raises 2021 S&P 500 target to 4,200, sees 12% upside
11/09/20 JPMorgan
JPMorgan sees S&P 500 hitting 4,000 by early next year
TLT iShares 20+ Year Treasury Bond Fund
$145.70 /

+2.65 (+1.85%)

LQD iShares iBoxx $ Investment Grade Corporate Bond
$134.35 /

+0.71 (+0.53%)

QQQ Invesco QQQ Trust
$343.75 /

-1.59 (-0.46%)

IVV iShares Core S&P 500
$418.65 /

-3.8 (-0.90%)

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