Major Inflows Boost VanEck Semiconductor ETF Outstanding Shares
Analyzing recent activity in exchange-traded funds (ETFs), the VanEck Semiconductor ETF (Symbol: SMH) has emerged as a significant player this week. We observed an approximate $1.6 billion inflow, representing a 9.2% week-over-week increase in outstanding units, rising from 91,141,874 to 99,491,874.
Today’s trading also revealed positive movement among key components of the SMH. Notably, Taiwan Semiconductor Manufacturing Co., Ltd. (Symbol: TSM) increased by about 1.8%. Similarly, ASML Holding NV (Symbol: ASML) saw a 2.7% rise, and Qualcomm Inc. (Symbol: QCOM) was up approximately 1.8%. For a complete list of holdings, visit the SMH Holdings page.
The chart below illustrates the one-year price performance of SMH in relation to its 200-day moving average:
The chart indicates that the lowest point for SMH in the last 52 weeks was $170.11 per share, while the high was $283.07. The most recent share price stands at $191.59. Analyzing the current price against the 200-day moving average can serve as a helpful technical analysis tool. For more information on the 200-day moving average, check out this resource.
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ETFs operate similarly to stock transactions, but investors deal in “units” rather than “shares.” These units can be traded like stocks and can also be created or destroyed based on investor demand. Weekly monitoring of changes in shares outstanding helps identify ETFs experiencing notable inflows, where new units are created, or outflows, where existing units are removed. The creation of new units necessitates the purchase of underlying holdings, while destruction typically involves selling those holdings. Therefore, significant inflows or outflows can impact individual components within the ETFs.
Click here to explore which 9 other ETFs had notable inflows »
Also see:
- Top Stocks Held By Paul Singer
- Epam Systems Market Cap History
- Top Ten Hedge Funds Holding XSMO
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
