ETFs Shift to Net Selling of NVIDIA After Four-Day Buying Streak
On October 1, 2026, ETFs turned net sellers of NVIDIA (NVDA) shares, marking a shift after four consecutive days of net buying. The net selling amounted to $203.5 million, with 25 ETFs selling and 65 buying. The largest sellers by dollar value were SPY, which reduced its stake by $697.5 million, SOXX with a $63.6 million reduction, and IWF cutting its position by $7.9 million.
The net selling on Thursday ended a buying streak that included significant net purchases of $2.91 billion on September 28, $410.4 million on September 29, $333.5 million on September 30, and $413.6 million on September 25. Despite the higher number of ETFs buying, the larger sell orders tipped the balance toward net selling.
NVIDIA, a leader in accelerated computing and AI infrastructure, reported a trailing 12-month revenue of $302.97 billion, up 85.3% year over year. The company's gross margin stands at 74.7%, and its net margin at 63.7%. The stock trades at a P/E of 29.57, P/B of 24.68, and P/S of 18.84, with a GF Score of 95 and a GF Value of $402.64 versus a price of $233.95.
Investors will be watching to see if ETF flows return to net buying after this temporary sell-off. The recent trend had been predominantly buying, making Thursday's net sale a notable outlier.