CALF ETF Experiences Significant Outflow of $201 Million
In the latest analysis of week-over-week changes in shares outstanding among ETFs, the CALF ETF (Symbol: CALF) has come to the forefront. This ETF has seen a notable outflow of approximately $201.0 million, representing a 3.7% decline, with shares outstanding decreasing from 141,800,000 to 136,550,000.
The chart below illustrates CALF’s price performance over the past year compared to its 200-day moving average:
According to the chart, CALF’s 52-week range extends from a low of $35.505 per share to a high of $49.59, with its most recent trade at $35.57. Analyzing the share price in relation to the 200-day moving average may provide valuable insights for traders and investors alike. To learn more about this important technical analysis tool, click here.
Exchange traded funds (ETFs) function similarly to stocks, but when investors buy or sell, they are actually exchanging “units” rather than “shares.” These units can be traded in the market like stocks but can also be created or destroyed based on investor demand. Each week, we track changes in shares outstanding to identify ETFs with significant inflows (indicating new units created) or outflows (indicating units destroyed). When new units are created, the underlying holdings of the ETF must be purchased, while destruction of units involves selling off underlying assets. Therefore, significant flows can also impact the individual components owned by the ETFs.
For more insights, click here to see which other 9 ETFs experienced notable outflows.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
