JPMorgan: Retail investors pour record funds into leveraged equity ETFs

Shenchao TechFlow reports,According to Chaoxiang Research, JPMorgan's October 28, 2026 fund flow report noted that over the past two weeks retail investors accelerated buying of leveraged equity ETFs, and October capital inflows hit a record high, supporting stabilization in AI-related stocks. As of October 27, QQQ short interest rose to its highest level since 2023, and institutional short covering could provide additional support.

JPMorgan believes retail call-option trading still has recovery potential, and institutional equity positions are already below their mid-September highs. Corporate buybacks continue to provide support, with global buyback announcements totaling about $1.55 trillion as of October 26. Highly rated technology companies still have relatively smooth financing channels, but a notable tightening in financing conditions could affect capex and buyback arrangements.

Source: Shenchao TechFlow