SPDR Gold MiniShares Trust Sees Notable Inflows Amid Market Activity
Significant Changes in Shares Outstanding This Week
Looking at the latest data from ETF Channel, the SPDR Gold MiniShares Trust (Symbol: GLDM) has emerged as a key focus. The fund experienced an inflow of approximately $174.4 million, translating to a 1.6% weekly increase in outstanding units. This uptick raises the total from 182,650,000 to 185,650,000 units.
Examining the chart above, GLDM’s lowest share price over the past year was $40.16, while its highest reached $58.37. The most recent trade settled at $58.18. Investors often compare current share prices to the 200-day moving average, a technique used to identify market trends.
Exchange-traded funds (ETFs) function similarly to stocks, but rather than purchasing “shares,” investors buy and sell “units.” These units can be readily traded, created, or removed in response to investor demand. Each week, we track changes in shares outstanding to identify ETFs that see significant inflows or outflows. Creating new units necessitates acquiring underlying holdings, whereas removing units requires selling them, which highlights the impact of large volume trades on the assets contained within these ETFs.
Click here to find out which 9 other ETFs had notable inflows »
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- Victor Mashaal Stock Picks
- GCMG Historical Stock Prices
- Top Ten Hedge Funds Holding INUV
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
