光伏ETF：9月4日融券净卖出262.58万股，连续3日累计净卖出370.73万股

Core Viewpoint - The recent trading data for the photovoltaic ETF (159857) indicates a positive trend in financing activities, with net purchases occurring in 11 out of the last 20 trading days, suggesting increased investor interest in the sector [1]. Financing Summary - On September 4, 2025, the financing buy-in amounted to 26.19 million yuan, while financing repayments totaled 23.70 million yuan, resulting in a net financing purchase of 2.49 million yuan. The financing balance reached 122 million yuan [1]. - Over the last three trading days, the financing balance has shown fluctuations, with a notable increase of 3.6% on September 4, bringing the total to 126 million yuan [4]. Margin Trading Summary - On September 4, 2025, the margin trading saw a sell-off of 3.71 million shares, with 1.09 million shares being repaid, leading to a net sell-off of 2.63 million shares. The remaining margin balance stood at 6.05 million shares [2][3]. - The margin trading balance on September 4 was recorded at 4.32 million yuan, reflecting a significant increase in selling activity over the past three trading days [3]. Market Sentiment - The increase in financing balance indicates a bullish sentiment among investors, suggesting a strong market preference for buying, while the rise in margin selling points to a potential bearish outlook among some traders [4].