The SPDR S&P Metals & Mining ETF (XME) has experienced a significant outflow of approximately $246.9 million, marking a 4.8% decrease in shares outstanding week over week, from 42,900,230 to 40,850,230 units. This drop comes amid declines in key holdings: Cleveland-Cliffs Inc (CLF) is down 2.5%, Reliance Inc (RS) has fallen 1.5%, and Warrior Met Coal Inc (HCC) is lower by 2%.
XME’s current trading price is $121.31, with a 52-week range between $65.09 and $135.68. The ETF’s performance is being closely monitored as changes in share units can impact the underlying stocks significantly.
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