Based on the recent break-out price action in IWM, it is not entirely surprising to see the fund be among the leaders in net inflows across all ETPs (IWM has added more than $1 billion via creation activity in recent sessions).
A headline in the small cap space caught our attention today, as the timing is impeccable given the appetite for small cap stocks at the moment that SSGA is rolling out a new ETF, TWOK (SPDR Russell 2000, Expense Ratio N/A) today. [IWM Gets New Rival]
Activity is sparse thus far as one might expect, but the launch seems fortuitous given what is going on in the space. There are a bevy of other products, many that incorporate leverage and are designed for opportunistic hedges if not short term directional trades, that track the Russell 2000 (either long or inverse) that should be watched closely here given the potential for a significant acceleration in daily activity, including TNA (Direxion Daily Small Cap Bull 3X, Expense Ratio 0.95%), URTY (ProShares UltraPro Russell 2000, Expense Ratio 0.95%), TWM (ProShares UltraShort Russell 2000, Expense Ratio 0.95%), TZA (Direxion Daily Small Cap Bear 3X, Expense Ratio 0.95%), SRTY (ProShares UltraPro Short Russell 2000, Expense Ratio 0.95%), and UWM (ProShares Ultra Russell 2000, Expense Ratio 0.95%).
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