Why Are Investors Dumping an ETF Up Nearly 30% YTD?
January 29, 2021 at 17:09 PM EST
The rally in GameStop (NYSE: GME) has helped propel a retail sector-specific exchange traded fund, but investors have been dumping the fund in droves. The SPDR S&P Retail ETF (XRT), which includes a 12.4% position in GME, increased 29.0% year-to-date. Yet XRT has suffered about $700 million in...