Direxion releases an ETF focused on digital consumption, ETFs with the most liquid options, and ETF inflows for the week.
- Direxion releases an ETF focused on digital consumption.
- The Direxion Connected Consumer ETF (CCON) breaks down the digital economy into four areas: home entertainment, online education, remote health and wellbeing, and virtual/digital social interaction.
- The fund’s main goal is to capture the increasingly virtual nature and digitization of how individuals consume in a comprehensive way.
- CCON comes with an expense ratio of 0.45% and lists on the NYSE Arca.
- As the Vix has remained stubbornly high, here are the ETFs with most liquid options.
- When it comes to the S&P 500, the SPDR S&P 500 ETF Trust SPY trumps the iShares S&P 500 Index IVV with 22.7 million options contracts outstanding.
- Following SPY, the iShares Silver Trust and the Invesco QQQ Trust QQQ each have over 8 million options contracts outstanding.
- Rounding out the top five are the iShares Russell 2000 ETF IWM and the iShares MSCI Emerging Markets ETF EEM which each have over 6 million in options contracts outstanding.
- After the Dow Jones Industrial Average Index made its changes official, the SPDR Dow Jones Industrial Average ETF Trust [DIA} leads all ETFs in weekly inflows.
- Over $9 billion flowed into U.S.-listed ETFs this week to move year-to-date inflows up to $278.6 billion.
- The SPDR Dow Jones Industrial Average ETF Trust DIA led all U.S.-listed ETFs with $2.04 billion in net inflows.
- The SPDR S&P 500 ETF Trust SPY led all U.S.-listed ETFs with $2.57 billion in net outflows.
(Source: etf.com)
