SPDR Series Trust (XRT)

Source: Zero Hedge

Most Shorted Stocks Are Crashing Yesterday, when GME was still trading at $300, we warned traders that the squeeze was almost over because as calculated by S3 Partners, the short interest had collapsed from over 110% to 53%… … and warned subs in our private twitter feed to take cover. For some reason, we got a lot of grief from the “diamond hands” crew for simply reporting the facts (and as we explained for those wondering, the most desperate shorts went so far as raiding the XRT ETF to obtain GME shares), which are manifesting themselves vividly this morning, with GME crashing by more than half from when we warned yesterday, and was last trading at just $142… … while the other top meme stock, AMC was down to $9 after rising as high as $18 on Monday. There was no respite across the most-shorted sector, with virtually all of last week’s most popular names tumbling including silver.. … as attention now seems to be shifting to biotechs where names like VXRT, DVAX and BCRX sharply higher today.

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Source: Zero Hedge

This Is The Stunning Way Some Desperate Funds Covered Their Gamestop Shorts On Friday we reported that while every hedge fund bro and TikTok-ing Millennial has been glued to the meltup in heavily-shorted stocks like GME (and the meltdown in the hedge funds who were heavily-short), there has been significant impacts under the covers of the rest of the financial markets that few have (for now) noticed. One place where the unintended consequences of the short squeeze hit hard was FANG stocks in particular, and the most popular and liquid names held by hedgies (i.e., the Goldman Hedge Fund VIP basket) which have seen liquidations to meet margin calls, as well as due to VaR shocked-induced gross leverage drawdowns. In other words the highest the most shorted names rose, the more the selling in the “most popular” longs as shown below. But it’s not just pair trades that have gotten hammered – and incidentally, according to several desks, GME was the most popular short pair-trade offset to the ubiquitous AMZN long, which is why we asked earlier if the WSB army isn’t coming after Jeff Bezos next…

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Source: ETF Trends

The rally in GameStop (NYSE: GME) has helped propel a retail sector-specific exchange traded fund, but investors have been dumping the fund in droves. The SPDR S&P Retail ETF (XRT), which includes a 12.4% position in GME, increased 29.0% year-to-date. Yet XRT has suffered about $700 million in net outflows this week alone and now […] The post Why Are Investors Dumping an ETF Up Nearly 30% YTD? appeared first on ETF Trends .

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Source: Zero Hedge

Gamestop Distortion Sparks Unprecedented Collapse In Retail ETF Assets While every TikTok-ing Millennial and their emotional-support-rabbit has been glued to the meltup in heavily-shorted stocks like GME (and the meltdown in the hedge funds who were heavily-short), there has been significant impacts under the covers of the rest of the financial markets that few have (for now) noticed. Yes, FANG stocks (and the most liquid names held by hedgies) have seen liquidations to meet margin calls, the outsized influence from the booming video-game retailer has altered some ETF compositions and is forcing what Citi analysts call “ad-hoc rebalances and strategy adjustments.” In a rather stunning move, Bloomberg reports that investors have pulled roughly $700 million from the SPDR S&P Retail ETF (XRT) this week, draining total assets to just $164 million. Source: Bloomberg The outflows come after GameStop’s surge swelled its weighting in XRT to 20% – given that the fund tracks an equal-weighted index, the video game retailer’s weighting should be closer to 1%.

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Source: ETF Trends

The buying frenzy in GameStop Corp. (NYSE: GME) has lifted a number of sector and thematic exchange traded funds. Among the best performing non-leveraged ETFs of Wednesday, Wedbush ETFMG Video Game Tech ETF (NYSEARCA: GAMR), which tracks global companies engaged in supporting or utilizing the video gaming industry, advanced 15.1%. The SPDR S&P Retail ETF (XRT), […] The post A Feeding Frenzy: GameStop Pulling These ETFs Along for the Ride appeared first on ETF Trends .

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Source: Economic Times India

The SPDR S&P Retail ETF, which tracks a broad group of retailers such as department and specialty stores, is up nearly 40 per cent this year.

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Source: Benzinga

Carter Worth of Cornerstone Macro shared with the viewers of CNBC’s “Options Action” his analysis of SPDR S&P Retail ETF (NYSE: XRT). He …

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Source: ETF Trends

Retail sector-related exchange traded funds surged Tuesday after U.S. retail sales jumped to a record high in May, following a sharp fall-off in the previous two months. The SPDR S&P Retail ETF (NYSEArca: XRT) was among the best performing non-leveraged ETFs of Tuesday, rising 2.9%. According to the Commerce Department, retail sales, a measure of purchases at stores, […] The post Retail ETFs Surge on a Record Jump in Consumer Spending appeared first on ETF Trends .

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Source: ETF Trends

Bent-up-demand from stifled consumers could help strengthen retailers and sector-related exchange traded funds as states and cities lift lockdown measures and reopen businesses. The SPDR S&P Retail ETF (XRT) is starting to gain momentum, rising 8.9% in the last week and 14.5% over the past month. If the Memorial Day weekend is any indication of American habits, consumers […] The post Retail ETFs Could Rebound as Cooped-Up Shoppers Step Out appeared first on ETF Trends .

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