finance
Retail Investors Buy Record $12 Billion of Semiconductor ETFs in May
@KobeissiLetter reported that retail purchases of U.S.-listed semiconductor ETFs reached $12 billion last month. The total marks the highest monthly figure on record and continues a sharp increase that began in April.
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-listed semiconductor ETFs year-to-date through June 26. The cumulative total has risen more than 1,000 percent since early April. Over the last month, retail purchases reached $12 billion. That amount is the highest monthly total on record for these ETFs.
Retail investors spent an average of $1.9 billion per day on semiconductor options contracts in June so far. The daily pace is 16 percent above the previous record of $1.6 billion set in May.
@KobeissiLetter reported that retail investors are chasing the chip rally.
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