FUTY ETF Sees Significant Growth with $144 Million Inflow
Investors Boost FUTY Holdings by Nearly 10% in Just One Week
This week, a notable trend has emerged among ETFs, particularly with the FUTY ETF (Symbol: FUTY). We observed an influx of approximately $144.1 million, marking a remarkable 9.8% rise in outstanding units—from 28,700,000 to 31,500,000.
The chart below illustrates the one-year price performance of FUTY in comparison to its 200-day moving average:
Analyzing the chart, FUTY reached a 52-week low of $36.68 per share and a high of $52.5499, with the last trade recorded at $51.98. Evaluating the latest share price against the 200-day moving average may offer additional insights for investors looking for patterns.
Exchange-traded funds (ETFs) function similarly to stocks; however, investors purchase and trade “units” instead of traditional shares. These units can be exchanged freely and are also created or eliminated based on investor demand. Each week, we analyze the changes in shares outstanding to identify ETFs with significant inflows (indicating new units created) or outflows (signifying old units destroyed). When new units are created, the underlying assets of the ETF must be bought, while unit destruction involves the sale of these assets. Therefore, significant fund flows can influence the individual components within the ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
- Institutional Holders of GLDD
- Funds Holding DUET
- Baxter International market cap history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
