红利ETF：11月4日融券净卖出2.54万股，连续3日累计净卖出8.93万股

Core Viewpoint - The news highlights the recent trading activities of the Hongli ETF (510880), indicating a net sell-off in financing and a decline in the overall financing balance, reflecting a cautious sentiment among investors [1][4]. Financing Activities - On November 4, 2025, the Hongli ETF saw a financing buy-in of 22.97 million yuan and a financing repayment of 24.44 million yuan, resulting in a net financing sell-off of 1.47 million yuan, with a financing balance of 106 million yuan [1]. - The financing balance decreased by 1.25% from the previous day, amounting to 108 million yuan [4]. Margin Trading Activities - On the same day, there were 63,400 shares sold short, with 38,000 shares repaid, leading to a net short sell of 25,400 shares. The remaining short position stood at 631,300 shares [2][3]. - Over the past three trading days, there has been a cumulative net short sell of 89,300 shares, with 11 out of the last 20 trading days showing net short selling activity [2]. Overall Margin Balance - The total margin balance was reported at 108 million yuan, reflecting a decrease of 1.37 million yuan from the previous day [4].