ARK Innovation ETF Sees Significant Week-Over-Week Inflows
Investors Boost ARKK Units by $121.2 Million
Examining the latest changes in exchange-traded funds (ETFs), the ARK Innovation ETF (Symbol: ARKK) stands out for its substantial week-over-week inflow of approximately $121.2 million. This marks a 1.9% rise in outstanding units, increasing from 117,800,000 to 120,000,000 units.
The chart below illustrates the price performance of ARKK over the past year, compared to its 200-day moving average:
In the context of recent trading, ARKK hit a low of $36.85 and a high of $58.38 within the past 52 weeks, with the latest share price recorded at $55.20. Tracking how the current price aligns with the 200-day moving average can provide valuable insights for investors—explore more about the 200-day moving average here.
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Exchange-traded funds (ETFs) function similarly to stocks, but investors purchase and sell “units” instead of traditional shares. These units are flexible; they can be created or destroyed based on demand. Each week, we analyze changes in outstanding shares to identify ETFs experiencing significant inflows or outflows. When new units are created, the ETF’s underlying assets are acquired; conversely, when units are destroyed, it results in selling the underlying holdings. Thus, large movements can influence the individual stocks held within the ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Related Information:
- Institutional Holders of ENVE
- ZUO Average Annual Return
- SIGI Historical Stock Prices
The views and opinions expressed herein are solely those of the author and do not necessarily reflect those of Nasdaq, Inc.
