Invesco Dorsey Wright Technology Momentum ETF Sees Significant Inflow
Week-Over-Week Changes Highlight Surge in PTF Units
Today, ETF Channel reports a remarkable development among ETFs, specifically the Invesco Dorsey Wright Technology Momentum ETF (Symbol: PTF). The fund experienced an inflow of approximately $193.0 million, marking a significant 33.2% increase in outstanding units, from 7,730,000 to 10,300,000. In today’s trading, notable movements in its key holdings include Applied Optoelectronics Inc (Symbol: AAOI), which rose about 4%; Fair Isaac Corp (Symbol: FICO), slightly down by 0.2%; and Nutanix Inc (Symbol: NTNX), which increased by around 1.1%. For a complete list of holdings, please visit the PTF Holdings page. »
The chart below illustrates the one-year price performance of PTF, compared to its 200-day moving average:
In examining the chart, we find that PTF’s 52-week low is $47.06 per share, while the high is $80.92. The most recent trade occurred at $75.40. Comparing the current share price to the 200-day moving average is a common technical analysis technique—learn more about the 200-day moving average. »
Exchange-traded funds (ETFs) function similarly to stocks; however, instead of “shares,” investors buy and sell “units.” These units can be traded like stocks and adjusted based on investor demand, which may lead to the creation or destruction of units. Each week, we monitor changes in shares outstanding to identify ETFs that experience notable inflows (indicating new units created) or outflows (indicating units destroyed). The creation of new units necessitates the purchase of the ETF’s underlying holdings, while outflows require selling those underlying assets, which can influence the individual components of ETFs.
Click here to find out which 9 other ETFs had notable inflows. »
Additionally:
- AIZ Technical Analysis
- WFM Split History
- IFON Shares Outstanding History
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
