ETFs reported net buying of SpaceX shares on Monday

Monday ETF activity

Yahoo Finance, citing GuruFocus, reported that 23 ETFs were net buyers of SpaceX on Monday while seven ETFs were net sellers. The result was $264.7 million in net buying. The article said this continued a pattern of ETF demand for the stock over two straight sessions.

Recent flow trend

The report said the buying came after a smaller $11.4 million net inflow on Oct. 30. Before that, ETFs recorded a $52.1 million net outflow on Oct. 29, then net buying of $108.7 million on Oct. 28 and $27.6 million on Oct. 27. Over the last five reported days, ETFs were net buyers on four days and net sellers on one, which the article described as mostly buying.

Biggest ETF buyers

According to the article, the largest buyers by dollar value were QQQI at $148.8 million, QQQ at $103.3 million, and BAI at $11.8 million. QQQM also added $11.0 million. QQQI was described as the leading mover, increasing its position by 85.69% to 2,364,555 shares and assigning it a 2.22% portfolio weight.

SpaceX details cited in the report

The article identified SpaceX as Space Exploration Technologies, a privately held American space launch and satellite communications company founded by Elon Musk in 2002. It said the company’s long-term goal is to make humanity multiplanetary. The report gave SpaceX trailing 12-month revenue of $27.08 billion, up 33.2% year over year, with gross margin of 56.1% and net margin of -1.5%. It also listed a price of $141.31, a price-to-book ratio of 10.85, a price-to-sales ratio of 69.78, a market capitalization of $1.92 trillion, and a GF Score of 21.

Additional notes in the source

The source included a note from GuruFocus saying it had detected three warning signs with SPCX. It also mentioned that readers could review the ETF and guru trade record, along with GF Value, insider activity, and ETF trend pages.