SPDR Gold MiniShares Trust Sees Significant Inflows and Price Movement

Today, we look at the changes in shares outstanding for ETFs, focusing on the SPDR Gold MiniShares Trust (Symbol: GLDM). Notably, this fund experienced an approximate inflow of $260.9 million, leading to a 1.9% increase in outstanding units. The total number of units rose from 213,950,000 to 218,050,000 week over week.

The chart below illustrates GLDM’s year-to-date performance compared to its 200-day moving average:

GLDM hit a low of $45.13 and a high of $64.28 over the last year, with the last trade recorded at $63.86. Evaluating the current share price against the 200-day moving average can serve as a valuable technical analysis tool to assess market trends.

Exchange-traded funds (ETFs) function similarly to stocks; however, investors are dealing with “units” instead of shares. These units can be bought and sold like stocks, but they can also be created or destroyed to meet changing investor needs. Each week, we track changes in shares outstanding to identify ETFs witnessing substantial inflows (more units created) or outflows (more units destroyed). The creation of new units necessitates the purchase of the ETF’s underlying assets, while the destruction of units requires selling them, which can affect the individual components within those ETFs.

Click here to see which 9 other ETFs had notable inflows.

Also see:

• Institutional Holders of DPU
• SJ Stock Predictions
• Institutional Holders of LICN

The views and opinions expressed herein are the author’s and do not necessarily reflect those of Nasdaq, Inc.