ETF Investors Go on a Retail Shopping Spree
- State Street’s XRT hits record high on strong earnings outlook
- S&P 500 Retail Index stands up more than 30 percent this year
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Investors in exchange-traded funds aren’t waiting for back-to-school season to start betting on retail stocks.
The $650 million SPDR S&P Retail ETF, or XRT, had 8.2 million shares worth $420 million trade on Thursday, almost double the average daily turnover over past year. The largest retail focused ETF is at a record high and on track for inflows of more than $14 million this week, up from $5 million last week.