Investors Show Increased Interest in SOXX with $271.2 Million Inflow
Today, the iShares Semiconductor ETF (Symbol: SOXX) has made headlines due to its remarkable performance in share changes. The ETF has experienced approximately $271.2 million in inflows, marking a 1.9% increase in outstanding units, rising from 63,100,000 to 64,300,000. Key holdings within SOXX include Broadcom Inc (Symbol: AVGO), which is currently down about 1.3%, Advanced Micro Devices Inc (Symbol: AMD), up about 1%, and Qualcomm Inc (Symbol: QCOM), which has increased by about 0.5%. For a complete array of holdings, please visit the SOXX Holdings page »
The chart below illustrates the one-year price performance of SOXX in comparison to its 200-day moving average:
Analyzing the chart reveals that SOXX’s 52-week low is $144.4033 per share, while the 52-week high stands at $267.24. Currently, the last trade price is $226.95. Comparing the latest share price to the 200-day moving average is often used as a technical analysis strategy to gauge performance — learn more about the 200-day moving average ».
Exchange-traded funds (ETFs) operate similarly to stocks, but when investors buy or sell, they transacting in “units” instead of “shares.” These units can be traded just like stocks but can also be created or eliminated according to investor needs. Each week, we track the changes in shares outstanding to monitor which ETFs are experiencing significant inflows, marked by newly created units, or outflows, indicated by units being canceled. The creation of new units requires purchasing the ETF’s underlying holdings, while the elimination of units necessitates selling these holdings. Therefore, large inflows or outflows can influence the individual components within the ETFs.
Discover which 9 other ETFs also recorded notable inflows »
Also see:
- ELAN YTD Return
- Institutional Holders of FCSC
- ORN Stock Predictions
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
