Investors added $426 million to the ProShares UltraPro QQQ ETF and almost $1.8 billion into the iShares iBoxx High Yield Corporate Bond ETF (HYG) last week. $600 million flowed into the ARK Innovation ETF (ARKK).
ETF Newz Says: ARKK had its worst day since the height of Covid losing nearly 9%. HYG had its worst day in two years and the TQQQ lost nearly 15%. Investors were hoping for a relief rally after Wednesday’s fed meeting. While a short rally happened on Wed Afternoon, the rout was on Thursday.