Significant Outflow Detected in MLP and Energy Infrastructure ETF
MLPX Experiences $113.9 Million Outflow Despite Mixed Performance in Key Holdings
Analyzing the recent changes in shares outstanding among ETFs, the MLP and Energy Infrastructure ETF (Symbol: MLPX) stands out with an approximate $113.9 million outflow. This represents a 4.7% decline week over week, dropping from 38,897,506 to 37,077,506 shares. Today, notable performance among MLPX’s largest components includes Antero Midstream Corp (Symbol: AM) down about 0.8%, Cheniere Energy Inc. (Symbol: LNG) decreased by 1.7%, while EQT Corp (Symbol: EQT) has risen approximately 1.1%. For additional details on holdings, visit the MLPX Holdings page.
The performance chart below illustrates MLPX’s price movement over the past year compared to its 200-day moving average:
Examining the chart, MLPX’s share price has fluctuated within a 52-week range, with a low of $43.0165 and a high of $64.72. The last recorded trade was $61.98. Evaluating the current share price against the 200-day moving average serves as an effective technical analysis tool. Interested readers can explore more about the 200-day moving average.
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Exchange-traded funds (ETFs) function similarly to stocks; however, investors trade in “units” rather than “shares.” These units can be traded like stocks, but they can also be created or destroyed based on investor demand. Our weekly monitoring of changes in shares outstanding reveals trends in ETFs experiencing major inflows or outflows. The creation of new units necessitates purchasing the underlying assets of the ETF, while the destruction of units involves selling these assets. Thus, significant inflows or outflows can influence the prices of individual components within these ETFs.
Click here to discover which 9 other ETFs have seen notable outflows.
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The views and opinions expressed herein are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
