Significant Inflow Boosts Technology Select Sector SPDR Fund (XLK)
Week-Over-Week Changes Reveal Increased Investor Interest
This week, the Technology Select Sector SPDR Fund (Symbol: XLK) experienced a remarkable inflow of approximately $297.3 million. This accounts for a 0.4% rise in outstanding units, increasing from 311,155,897 to 312,455,897. Notable stocks within XLK saw positive movement today, with Oracle Corp (Symbol: ORCL) climbing about 0.5%, Advanced Micro Devices Inc (Symbol: AMD) gaining approximately 3.6%, and ServiceNow Inc (Symbol: NOW) up about 0.2%. For an in-depth look at its holdings, visit the XLK Holdings page »
According to the chart above, XLK’s price has fluctuated between a 52-week low of $181.32 per share and a high of $238.14. Currently, it trades at $229.48. Analyzing the relationship between the current share price and the 200-day moving average can yield valuable insights for investors. For more on this analysis technique, click here to learn more about the 200-day moving average ».
Exchange traded funds (ETFs) operate similarly to stocks; however, investors buy and sell “units” instead of “shares.” Units may be traded like stocks, and they can also be created or destroyed based on investor demand. Each week, we track changes in outstanding shares to identify ETFs showing significant inflows (more units created) or outflows (existing units removed). The creation of new units necessitates purchasing the underlying stocks, while the removal of units requires selling these stocks, which can affect the individual components tied to the ETFs.
Click here to find out which 9 other ETFs had notable inflows »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
