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7 Stocks Net Sold In August, According To The IMX

Bank of America Corporation NYSE:BAC, Alibaba NYSE:BABA - 7 Stocks Net Sold In August, According To The IMX

With the S&P 500 index almost flat over August and volatility reaching its lowest level since 2014, TD Ameritrade clients were net equity sellers, the latest Investor Movement Index (IMX) showed.

This is how the IMX works: When the index’s score rises, it means investors' recent past activity has leaned toward a bullish stance; conversely, when the score declines, investors' recent past activity has tended toward bearishness. Over August, the IMX surged by 12.15 percent to 5.26, hitting its highest point since July 2015, driven by the increased relative volatility that the lower overall volatility triggered.

TD Ameritrade’s Managing Director of Trading Nicole Sherrod shared a look into what the firm’s clients did in August. “As net sellers of equities overall last month, our clients also scouted for opportunities in attractive exits,” she explicated.

Among net sold stocks were:

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Disclosure: Javier Hasse holds no interest in any of the securities or entities mentioned above.

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