Hey mooers
Happy Friday! Weekly Sectors Fund Flow Board is here~
From this chart, you will be able to find out what sector ETFs have most fund inflow. Fund inflow is often considered as a bullish sign of the sector and related ETFs!
^Weekly Sectors Fund Flow Board: a sector ranking based on sector ETFs aggregate 3-month fund flows.
^3-month fund flows: a metric that can be used to gaugethe perceived popularity amongst investors of different sectors.
^The board includes the following information: change of rankings, 3-month fund flows, how many ETFs are in the sectors, and the related ETFs.
For this week, I covered the top two sector-realted ETFs with the highest total assets! Now, let's take a look at the board~You may find something to diversify your porfolio
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Sectors Update in Premarket on Friday :
*Tech
Technology stocks were declining as the $The Technology Select Sector SPDR® Fund(XLK.US)$ dropped 1.3% and the $iShares Semiconductor ETF(SOXX.US)$ was off by 1.2%.
$Bottomline Technologies(EPAY.US)$ advanced more than 15% after it agreed to be bought by software investment firm Thoma Bravo for $2.6 billion in an all-cash go-private deal.
*Financial
Financial stocks were retreating as the $Financial Select Sector SPDR Fund(XLF.US)$ was 0.3% lower in recent trading.
The $Direxion Daily Financial Bull 3X Shares ETF(FAS.US)$ declined 1% and its bearish counterpart $Direxion Daily Financial Bear 3X Shares ETF(FAZ.US)$ were up 1.5%.
*Consumer
Consumer stocks were mixed ahead of the opening bell on Friday as the $Consumer Staples Select Sector SPDR Fund(XLP.US)$ was 0.2% higher while the $Consumer Discretionary Select Sector SPDR Fund(XLY.US)$ was recently down 0.8%.
$Rivian Automotive(RIVN.US)$ dropped 8% after the electric automaker posted a wider loss in its most recent reporting quarter. The company also unveiled plans to invest $5 billion on a second production facility in Georgia.
*Energy
Energy stocks were declining premarket Friday as the $Energy Select Sector SPDR Fund(XLE.US)$ dipped 0.6%.
The $United States Oil Fund LP(USO.US)$ was off 0.8% and the $United States Natural Gas(UNG.US)$ dropped 1.5%.
Source: MT Newswires