Retail investors are continuing to jump into the market in droves even after the dust has settled from the GameStop trading saga.
The major online brokers continue to see elevated app downloads, well above levels from last year, according to JMP Securities using SimilarWeb app download data.
Millennial-favored stock trading app Robinhood saw app downloads top 2.1 million in February, a 55% increase from a year ago. While that was down from January’s banner month, where Robinhood saw more than 3.6 million downloads, the data shows the rookie investors are still coming into the market.
