ETFs Dump Visa Shares for Second Straight Day

On Wednesday, October 2, exchange-traded funds (ETFs) were net sellers of Visa (V), selling $43.7 million in shares. This marks the second consecutive day of net selling after a significant inflow on September 28.

The largest mover was XLF, which sold $84.3 million in V shares. In total, 23 ETFs sold V shares, while 36 bought them. The net selling is a concern for investors, as it could indicate a shift in market sentiment towards Visa.

XLF led the selling with a $84.3 million reduction, followed by IVV at $13.1 million and DIA at $7.5 million. Other smaller sellers included DFUS, IWF, IWB, IWV, and OMFL.