by ElectronIII
$HYG – Impressive size arrived on April 13 at the close. The 5th and 7th largest trades since inception (2007) arrived together, along with several other large lots. The last time we had size like this was on Oct 28th, 2022. Top-10 ranked trades appearing after rallies are commonly signs of institutions taking profits, and precede reversals in price.
More details in the video, including similar behavior in $JNK and the implications for $SPY.
HYG – October 2022 – April 2023
Disproportionately large HYG Trades – April 2023
Got a news tip or correction? Let us know
If you got something out of this, please chip in to keep this site running, or subscribe to go ad-free.
1 view