AMC surges and two ETFs reap the benefit

  • In the wake of today's surging price of AMC Entertainment Holdings, Inc. (NYSE:AMC), two exchange traded funds have enjoyed a ride to the topside. The two ETFs with the highest weighted holdings in AMC are SoFi Social 50 ETF (NYSEARCA:SFYF) and Invesco Dynamic Leisure & Entertainment ETF (NYSEARCA:PEJ).
  • Both SFYF and PEJ number one holding is in AMC. SFYF has an 11.79% holding in AMC, and PEJ has a holding of 10.23%.
  • AMC has run up on the day so far +112.90% and has been halted multiple times for a surge in market volatility, SFYF and PEJ have reaped the rewards. In Wednesday's trading session, SFYF is +14.10%, and PEJ is +10.62%.
  • Furthermore, as of this junction in time SFYF and PEJ are the number one and two top performing exchange traded funds in Wednesday's session.
  • AMC's volume levels continue to soar as 672M shares have exchanged hands, which is six times the daily average of 112M shares.
  • Volumes have also increased for both SFYF and PEJ. SFYF, which has daily average volumes traded of 14K shares, has seen over 75K shares move, and PEJ which usually witnesses 900K shares exchange hands, has now witnessed over 2.8M.
  • See updates of AMC Entertainment Holdings as the stock halted after a +92% surge.

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