Royal Caribbean ETF flows turn negative after three buying sessions
Exchange-traded funds recorded net sales of $56.7 million in Royal Caribbean shares on Wednesday, reversing a three-day stretch of net buying.
According to the reported flow data, 25 ETFs purchased Royal Caribbean stock during the session, while eight sold shares. Despite the larger number of buyers, the selling funds moved greater amounts, resulting in the net outflow.
DUHP was the largest seller by dollar value, disposing of $65.5 million in shares. XLY followed with $1.5 million in sales, while RPG sold $0.1 million. The reversal came after ETFs posted net purchases of $2.2 million, $3.6 million and $8.6 million across the previous three sessions.
Royal Caribbean Group operates cruise brands including Royal Caribbean International, Celebrity Cruises and Silversea. The company also owns a 50% stake in a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises.
The cruise group reported trailing-12-month revenue of $18.68 billion, representing year-over-year growth of 9.1%. Its reported gross margin was 39.1%, while its net margin stood at 23.6%.