I'm sure that those large investment funds who are exiting SXY are long term investors with a long term vision for their shareholders. Hence the day traders or short term traders are taking advantage of this weakness.If anything this should be a wake up call. I think it was a similar situation a long time ago when BP sold out. It was all downhill from there. ID really needs to pull a rabbit out of the hat.
SXY Price at posting:
29.0¢ Sentiment: Hold Disclosure: Held