Significant Outflow Hits GSLC ETF This Week
Looking at the most recent data from ETF Channel, the GSLC ETF (Symbol: GSLC) has faced a notable outflow of approximately $372.0 million. This marks a decrease of 2.7% in shares outstanding, dropping from 118,900,000 to 115,700,000 week-over-week.
The chart below displays the one-year price performance of GSLC against its 200-day moving average:
In the past year, GSLC has seen a low point of $88.66 per share and reached a high of $118.73. The latest trade settled at $115.89. Investors often compare the current share price with the 200-day moving average as a technique for technical analysis.
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Exchange-traded funds (ETFs) function similarly to stocks, where investors buy and sell “units” instead of shares. These units allow for trading just like stocks, but they can also be created or destroyed based on demand from investors. Each week, we track changes in shares outstanding to identify ETFs that are experiencing significant inflows (when new units are created) or outflows (when existing units are retired). When new units are created, it requires purchasing the underlying assets of the ETF; conversely, destroying units involves selling off those assets, which can influence the individual components within the ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
Top Ten Hedge Funds Holding MSFX
SKIS Market Cap History
MBSC 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.
