Here are the US shares ASX investors are buying

Most weeks, the Commonwealth Bank of Australia (ASX: CBA) CommSec brokering platform tells us the shares, both ASX and international, that have been the most popular with its Aussie customers.

Since CommSec is one of the largest online brokers in the country, this data can be a useful indicator of general investing trends in the Aussie market, and what investors shave been chasing.

So here are the top 10 United States shares CommSec customers were buying last week. This week’s data covers 18-22 January. 

Most traded US shares on the ASX

1. Tesla Inc (NASDAQ: TSLA) – representing 4.5% of total trades with a 77%/23% buy-to-sell ratio.
2. Nio Inc (NYSE: NIO) – representing 3.2% of total trades with an 80%/20% buy-to-sell ratio.
3. Apple Inc (NASDAQ: AAPL) – representing 2.7% of total trades with a 71%/29% buy-to-sell ratio.
4. Nova Royalty Corp (OTCMKTS: NOVRF) – representing 1.9% of total trades with a 100%/0% buy-to-sell ratio.
5. ARK Genomic Revolution ETF (BATS: ARKG) – representing 1.4% of total trades with a 94%/6% buy-to-sell ratio.
6. BioNano Genomics Inc (NASDAQ: BNGO)
7. Churchill Capital Corp IV(NYSE: CCIV)
8. ARK Innovation ETF (NYSE: ARKK)
9. Microsoft Corporation (NASDAQ: MSFT)
10. Social Capital Hedosophia Holdings Corp V (NYSE: IPOE)

What can we learn from these trades?

Another interesting week of statistics to dissect here. First up though, and (at risk of sounding like a broken record) Tesla and Nio once again show their dominance of investor sentiment this week. Although the concentration of these 2 companies in the overall trend has fallen from last week (where Tesla represented 7.3% of all trades), it is still a force to be reckoned with.

The fact that both companies have hit new all-time highs in the past month clearly isn’t hurting either.

Apple and the ARK Invest exchange-traded funds (ETFs) are also continuing to prove resilient. Interestingly though, the proportion of investors selling Apple is inching higher, up to 29% from last week’s 25%.

But this week, we have a few debutants as well. Nova Royalty can be described as something of a penny stock, especially given its status as an ‘over the counter’ share. Even so, it’s found its way onto the list this week. This company has experienced some extreme volatility over the past week, which might explain why Aussie investors have taken note.

Social Capital is another new entrant this week. This company is a SPAC (special purpose acquisition company) vehicle affiliated with the famous American investor Chamath Palihapitiya. This gentleman has a series of SPACs in this space, all with a corresponding number and letter.

This one is ‘V’ (or 5), hence the ‘E’ on the ticker. Yes, IPOA, IPOB, IPOC and IPOD also exist. According to our Fool colleagues over in the ‘States, this SPAC is set to merge with a fintech company called SoFi Finance. Clearly, ASX investors are rather enchanted with this proposition.

More reading

• 3 reasons to sell a share
• 5 things to watch on the ASX 200 on Wednesday
• Will the blue sweep boost Tesla? Don’t count on it
• These 2 Nasdaq Giants Are at All-Time Record Highs — and They’re Not Slowing Down
• Amazon’s ad business will dominate the 2020s

Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool’s board of directors. Sebastian Bowen owns shares of Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Apple, Microsoft, and Tesla. The Motley Fool Australia has recommended Apple. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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