Investors pulled $15.23B from SPY as most S&P 500 sectors saw inflows, with technology and energy leading outflows.
The SPDR S&P 500 ETF Trust (SPY) recorded $15.23B in outflows for the week ended August 7, even as its price climbed 2.06%. The outflows contrasted with broader trends, as nine of the 11 S&P 500 sectors saw net inflows during the period.
Technology and energy were the only sectors to post outflows, while industrials, health care, and consumer discretionary attracted the largest inflows. Commodity ETFs, including gold and silver, also saw strong demand, alongside notable inflows into bitcoin-related funds.
The divergence suggests investors rotated into specific sectors and assets amid shifting market sentiment, despite the broad-market ETF’s price gain.