Jul. 29 at 6:08 PM
Billions just fled the biggest semiconductor #ETFs.
Yet
$DRAM.X and
$EWY pulled in
$2.23B between them. 👀
We stripped out the broad-market trackers and pulled the 5-day flows to see where the money went.
The outflows:
$SMH: -
$3.54B
$SOXX: -
$2.88B
$FTXL: -
$716.88M (~33% of its assets)
Meanwhile,
$DRAM.X pulled in
$1.20B and South Korea-focused
$EWY added
$1.03B, even as both funds fell double digits.
🧠 Our take: Investors may be backing away from broad chip exposure, but they’re still buying the parts of the trade they think could bounce hardest.
