According to SoSo Value, the sector’s fund outflow continued for the sixth straight day. Before this, the fund recorded a net inflow of funds for 70 consecutive days. Geraci emphasized that the second product lost more than $1 billion in one year. According to Seyffart, all ETFs operate stably, and such fluctuations are the norm for such products.
“Should add — these ETFs are operating smoothly across the board. Inflows and outflows are part of the norm in the life of an ETF.” – James Seyffart, Bloomberg Intelligence analyst. The net outflow of capital on May 1 exceeded the losses of funds for the entire April which only saw $345.88 million in outflows.