Profile image
By ETF Daily News (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

The Financial ETF Has Surged on Trump’s Win, But Flows Tell A Different Story

Friday, November 11, 2016 10:09
% of readers think this story is Fact. Add your two cents.

Analyst Paul Weisbruch brings investors his daily fund flows update, which today points out a lack of interest in a high-flying financial ETF, despite the fund leading the markets higher.

First, let’s recap some fund flows in the larger indexes. SPY saw $5.5 billion in inflows in the past twenty-four hours, which is a substantial amount flowing in after the Presidential election. IWM (Russell 2000) has also seen buyers with $1.2 billion being created there recently.

In other action, we’ve previously spoken about well-timed buyers of January 20 strike calls in XLF (SPDR Financials), and the Financial sector has been one of the best performers since the Presidential election results came in in favor of Trump. Since then, the XLF traded as high as $21.70 yesterday on an intraday basis on extremely heavy trading volume.

XLF is trading at multi-year highs this week, but it has had a very hard time year-to-date in terms of asset flows, with $3.3 billion out. We will see if this trend reverses at all into year’s end, given the immense outperformance here. January 22 calls in XLF have traded in good size (over 123k contracts) on what looks like speculation on additional upside there.

The Financial Select Sector SPDR Fund (NYSE:XLF) is actually pulling back today, down $0.13 (-0.60%) to $21.48 in Friday morning trading, putting it roughly in line with the daily performance of the SPY so far.

Disclaimer: The content of this article is excerpted from a daily newsletter from Street One Financial. While ETF Daily News may edit the contents and add a relevant title to the piece, the author, Paul Weisbruch, does not endorse or recommend any issuer or security mentioned herein.

About the Author: Paul Weisbruch
paul-weisbruchPaul Weisbruch is the VP of ETF/Options Sales and Trading at Street One Financial. Prior to joining the team at Street One, Paul served as the Director of RIA and Institutional ETF Sales at RevenueShares ETFs from December 2007 until November of 2009. Before RevenueShares, Paul was employed by Susquehanna International Group from 2000 until 2007 serving in roles including OTC/NYSE Institutional Block Trading, Nasdaq/OTC Market Making, ETF/Derivatives Intelligence and Strategy, Algorithmic Trading, as well as acting as the PHLX Floor Specialist in the ETFs, SPY and DIA.

Paul has been actively involved in the ETF space from both a product and trading standpoint since 2000. Additionally, Paul has well forged relationships with national RIAs, institutional pension fund managers and consultants, mutual fund and hedge fund managers, and also the ETF media. Co-authoring the “S1F ETF Daily” since 2009, the daily piece has become a must for many portfolio managers in the ETF space, with segments regularly appearing in the likes of Barron’s, WSJ, and for instance.

He holds his Series 4 (Registered Options Principal), 6, 7, 55 (Equity Trader), 63, and 65 licenses. He graduated from the University of Pittsburgh (B.S. – Economics), graduating magna cum laude, and has an MBA from Villanova University.

You are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global


Top Alternative




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.