Breaking Down the Data
A significant $235.9 million dollar inflow at the DUHP ETF (Symbol: DUHP) has caught the attention of investors. This marks a substantial 4.7% increase in outstanding units, soaring from 158,500,000 to 166,000,000.
Analyzing Performance
Peering at DUHP’s year-long price performance juxtaposed with its 200-day moving average reveals intriguing insights. The ETF’s 52-week range reflects a low of $24.25 per share and a high of $31.72. Currently, it rests at a robust last trade of $31.39.
Furthermore, drawing a comparison between the recent share price and the 200-day moving average surfaces as a valuable technical analysis method.
Diving Deeper into ETFs
ETFs, akin to stocks, involve trading units rather than shares. These units are tradable similar to stocks but can be created or destroyed to meet investor demands. Monitoring the weekly alterations in shares outstanding data unveils ETFs with notable inflows (indicating the creation of new units) or outflows (reflecting the destruction of existing units).
These inflows necessitate the purchase of underlying holdings while outflows involve selling these assets. Consequently, substantial flows can influence the individual components composing ETFs.
Click here to discover the other 9 ETFs experiencing notable inflows.
Additional Resources:
- Auto Manufacturers Dividend Stocks
- Top Ten Hedge Funds Holding MED
- Institutional Holders of IL
The expressed views and opinions herein solely belong to the author and may not align with those of Nasdaq, Inc.
