Retail traders snapped up $2bln of ETFs last Friday. Tell me what you bought!

ETF Hub wrote a column · Nov 30, 2021 08:53

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 assetslike the $SPDR S&P 500 ETF (SPY.US)$and $Invesco QQQ Trust (QQQ.US)$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.

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Source: Vanda

Individual investors showed conviction not only buying ETFs that track the major U.S. averages, but bought airline stocks like $Delta Air Lines (DAL.US)$, $United Airlines (UAL.US)$, as well as cruise operator $Carnival (CCL.US)$, Vanda data show. The trio were among the 10 most-bought stocks on Friday with each seeing at least $39 million in buying, according to the data.

Fund flow of DAL

Fund flow of CCL

The buy-the-dip trade was playing out well for retail investors on Monday as stocks climbed as a relative sense of calm returned to global markets. The $S&P 500 Index (.SPX.US)$ rose 1.3% and the $Nasdaq Composite Index (.IXIC.US)$ rallied 1.8%.

If you buy the dip last Friday, you may already gain from the smart move!