JAVA ETF Sees Major Capital Surge with $376.1 Million Inflows
Notable Week-Over-Week Growth in Outstanding Units
In the latest data from ETF Channel, the JAVA ETF (Symbol: JAVA) has made headlines due to an influx of approximately $376.1 million, resulting in a 21.7% jump in outstanding units. This increase has taken the total from 26,075,000 to 31,725,000 units over just one week.
Price Performance Overview
The chart below illustrates JAVA’s price performance over the past year alongside its 200-day moving average:
Throughout the last 52 weeks, JAVA has experienced a low of $51.71 per share and a high of $67.575. Currently, shares trade at $66.23. Investors can gain further insights by comparing the latest share price to the 200-day moving average as a technical analysis method.
Understanding ETF Flows
It’s important to note that exchange-traded funds (ETFs) operate similarly to stocks, but the terminology differs; investors trade in “units” rather than shares. These units can be freely traded or adjusted based on demand. Our weekly monitoring tracks significant shifts in the number of units to identify ETFs with noteworthy inflows (new units created) or outflows (units removed). When new units are created, the ETF must acquire its underlying assets, while unit destruction involves selling these holdings, potentially impacting the individual components within the ETF.
Click here to discover which 9 other ETFs have experienced notable inflows »
Also see:
- Top Stocks Held By Ray Dalio
- TVTY Market Cap History
- SHLS Insider Buying
The views and opinions expressed herein are those of the author and do not necessarily express those of Nasdaq, Inc.
