Big Movement in DUHP ETF: A Closer Look at Recent Outflows
Looking at the changes in shares outstanding among various ETFs this week, a significant outflow was observed in the DUHP ETF (Symbol: DUHP). Approximately $100.6 million has exited this fund, marking a 1.4% decline from 208,200,000 to 205,300,000 units.
Analyzing the chart above, DUHP’s share price has fluctuated over the past year. The lowest point within its 52-week range is $24.6941, while the highest is $34.9999. Currently, the last trade recorded was $34.48. Evaluating the latest share price against the 200-day moving average can provide valuable insights into market trends.
Free Report: Top 8%+ Dividends (paid monthly)
Exchange-traded funds (ETFs) function similarly to stocks; however, investors buy and sell “units” instead of “shares.” These units can be traded like shares and can also be created or destroyed based on demand from investors. Each week, we track changes in shares outstanding to identify ETFs with significant inflows (creating new units) or outflows (destroying old units). When new units are created, the ETF must purchase the underlying assets, while selling existing units requires divesting those assets, potentially affecting individual components within the ETF.
Click here to find out which 9 other ETFs experienced notable outflows »
Additional Resources:
- Cheap Blue Chip Stocks
- Funds Holding JYNT
- STVN Dividend History
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
