Weekly ETF flows: SPY reverses last week's inflows, healthcare tops outflows
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 08 2024
0mins
Source: SeekingAlpha
Significant Outflow from SPY: The SPDR S&P 500 Trust (SPY), the largest exchange-traded fund, experienced a $6 billion outflow for the week ending October 4, following nearly $20 billion in outflows during the last week of September.
Impact on Broader Index: These substantial outflows indicate a potential shift in investor sentiment regarding the broader index tracked by SPDR S&P 500.
Analyst Views on BITI
Wall Street analysts forecast BITI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BITI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 22.350
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Current: 22.350
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
