In the ETF space, there is no fund more prolific than the SPDR S&P 500 ETF . Launched in 1993, SPY was the first ever exchange-traded product, and more than two decades after its debut, SPY is joined by over 1,500 ETPs that are available to investors. The fund currently has more than $158 billion in assets under management, and its shares exchange hands roughly 120 million times per day on average [see The Complete History of the SPY]. During its most active session, SPY was reported to have traded more than 870 million shares; in comparison, the fund’s daily trading volume ranged from 5,200 to roughly 40,000 during its first year of trading in 1993. In this piece, we take a closer look inside SPY’s 10 most eventful sessions of all time: 1. October 10, 2008: 871,026,300 SPY’s most active session came after a seven session losing streak; headlines dubbed the [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Scorecard – Mar. 14 Sector ETF Highlights and Lowlights from Market Bottom 7 Articles ETF Investors Must Read: 3/1 ETF Scorecard – Feb. 28 Major Asset Class Returns Since the Fed’s Taper Announcement
In the ETF space, there is no fund more prolific than the SPDR S&P 500 ETF . Launched in 1993, SPY was the first ever exchange-traded product, and more than two decades after its debut, SPY is joined by over 1,500 ETPs that are available to investors. The fund currently has more than $158 billion in assets under management, and its shares exchange hands roughly 120 million times per day on average [see The Complete History of the SPY]. During its most active session, SPY was reported to have traded more than 870 million shares; in comparison, the fund’s daily trading volume ranged from 5,200 to roughly 40,000 during its first year of trading in 1993. In this piece, we take a closer look inside SPY’s 10 most eventful sessions of all time: 1. October 10, 2008: 871,026,300 SPY’s most active session came after a seven session losing streak; headlines dubbed the [...]
Click here to read the original article on ETFdb.com.
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