Big Money Moves: CGGR ETF Sees $163.8 Million Inflow This Week
This week, the CGGR ETF (Symbol: CGGR) has caught attention with an impressive inflow of approximately $163.8 million. This translates to a 2.1% increase in outstanding units from 215,000,000 to 219,600,000.
The following chart illustrates CGGR’s price performance over the past year compared to its 200-day moving average:
According to the chart, CGGR’s share price has varied greatly over the last year, hitting a low of $23.3356 and a high of $35.685. The last recorded trade stands at $35.34, which positions it close to its peak. Evaluating the most recent price against the 200-day moving average can provide key insights for investors interested in technical analysis.
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Exchange Traded Funds (ETFs) function similarly to stocks; however, investors buy and sell “units” rather than “shares.” These units can be traded like stocks, but they can also be created or destroyed based on demand. Each week, we monitor changes in shares outstanding to identify ETFs with significant inflows (new units created) or outflows (units destroyed). An influx of new units typically means the ETF needs to acquire more underlying assets, while a decrease often indicates the selling of those assets. Excessive trading can notably influence the individual securities within the ETFs.
Discover which 9 other ETFs experienced significant inflows »
Also see:
• EDUC Average Annual Return
• SIC shares outstanding history
• Funds Holding ASDR
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
