Looking at the latest data from ETF Channel, the FLQM ETF (Symbol: FLQM) has experienced a remarkable inflow of approximately $115.8 million. This inflow translates to a 10.3% increase in outstanding units, rising from 19,950,000 to 22,000,000 over the past week.
According to the chart above, FLQM’s stock has seen a low of $44.1093 per share and a high of $58.239 in the past year, compared to its most recent price of $55.99. Comparing the current share price to the 200-day moving average can be an effective strategy for technical analysis.
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Exchange-traded funds (ETFs) operate like stocks, but instead of trading “shares,” investors buy and sell “units.” These units can be created or redeemed based on demand. Every week, we analyze changes in shares outstanding to identify ETFs with significant inflows (indicating new units being created) or outflows (existing units being liquidated). The creation of new units usually requires the purchase of the underlying assets, while the destruction of units involves selling them. Such large movements can impact the individual stocks within the ETF.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
- Institutional Holders of PHEQ
- Top Ten Hedge Funds Holding TSLQ
- SY shares outstanding history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
