ETF and its stocks
$Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ a techinical question - if more people buys this ETF, will this push stocks in the ETF like alibaba go higher? Or the other way round? or both ways are true?
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zzjw : When more people buy etf, the etf management company usually issues more fund shares to meet the demand. This typically means they need to buy more underlying stocks (such as alibaba) in the market, which in turn drives up the prices of these stocks.
modest NyanCat_5830 OP zzjw :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")