USSG ETF Sees Major Outflow Amid Notable Week
In recent ETF trade activity, the USSG ETF (Symbol: USSG) experienced a noteworthy outflow of approximately $103.4 million. This represents a 9.3% drop in shares outstanding, moving from 21,000,001 to 19,050,001 over the week.
Performance Over Time
The following chart illustrates USSG’s one-year price performance compared to its 200-day moving average:
Within the past year, USSG has seen its lowest price at $40.21 per share and reached a high of $54.379. The last recorded trading price was $53.17. Analyzing the latest share price against the 200-day moving average can provide insights for investors looking to gauge performance.
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Exchange-traded funds (ETFs) operate similarly to stocks; however, investors buy and sell “units” instead of shares. These units can be created or destroyed based on demand. Each week, we track the changes in shares outstanding to identify ETFs with significant inflows—indicating new units being created—or outflows, which denote units being destroyed. An increase in units requires purchasing the underlying assets, while a decrease results in selling those assets, affecting the components within the ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
- Top Stocks Held By Nelson Peltz
- Funds Holding BRK
- VPV Historical Stock Prices
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
