Utilities Select Sector SPDR Fund Sees Significant Capital Inflow
Today, a noteworthy change in shares outstanding has been observed for the Utilities Select Sector SPDR Fund (Symbol: XLU). The fund experienced an inflow of approximately $430.1 million, resulting in a 2.5% increase in outstanding units, which went from 214,524,160 to 219,824,160.
In current trading, notable stocks within XLU include Southern Company (Symbol: SO), down about 0.1%; Duke Energy Corp (Symbol: DUK), up about 0.2%; and Constellation Energy Corp (Symbol: CEG), which has increased by approximately 0.3%. To view a comprehensive list of holdings, visit the XLU Holdings page »
The chart below illustrates XLU’s price performance over the past year in relation to its 200-day moving average:
In examining the chart, XLU’s 52-week low is recorded at $59.14 per share, while the 52-week high is $83.41. The most recent trade stands at $81.33. Comparing the latest share price to the 200-day moving average provides useful insights for technical analysis—learn more about the 200-day moving average here ».
It’s important to understand that exchange-traded funds (ETFs) operate similarly to stocks; however, investors exchange “units” instead of “shares.” These units can be traded like stocks but can also be created or destroyed based on demand. Each week, we monitor changes in shares outstanding to identify ETFs with significant inflows (indicating new units being created) or outflows (showing older units being destroyed). The creation of new units necessitates purchasing the underlying securities of the ETF, while the destruction entails selling them. Thus, substantial flows can influence the individual components held within ETFs.
Click here to discover which 9 other ETFs are experiencing 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.
