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GameStop surge leaves U.S.-based mutual funds and ETFs behind Reuters 1/28/2021 By David Randall © Reuters/MIKE BLAKE FILE PHOTO: GameStop gift cards are shown for sale at a GameStop Inc. store in Encinitas, California
By David Randall
NEW YORK (Reuters) - A handful of exchange-traded funds appear to be among the largest institutional winners from the more than 360% rally in shares of GameStop Corp so far this week as the video game retailer remains at the center of a showdown between retail investors and short-selling hedge funds.
The $189 million Wedbush ETFMG Video Game Tech ETF jumped more than 16.1% Wednesday, pushing it up approximately 25% since the start of the week. The $758 million SPDR S&P Retail ETF soared 12%, powering it to a 21.9% gain for the week-to-date.
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