In a notable week for exchange-traded funds (ETFs), the iShares Silver Trust (Symbol: SLV) reported an influx of approximately $129.9 million. This uptick translates to a 0.8% increase in outstanding units, rising from 523,150,000 to 527,550,000.
The following chart illustrates SLV’s price performance over the past year, compared to its 200-day moving average:
SLV boasts a 52-week low of $20.07 per share and a high of $31.80, with its latest trade recorded at $29.68. Analyzing the recent share price against the 200-day moving average can provide valuable insights for investors.
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Exchange-traded funds (ETFs) operate similarly to stocks, with the distinction that investors are actually buying and selling “units.” These units can be created or destroyed as per investor demand. Each week, we examine the changes in shares outstanding to identify ETFs experiencing significant inflows or outflows. When new units are created, the underlying assets of the ETF must be bought, while for existing units, selling occurs to accommodate outflows. Thus, large cash movements can influence the components held within the ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
- BYSI Stock Predictions
- Institutional Holders of ICGE
- SGGH Insider Buying
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
