iShares Semiconductor ETF Sees Significant $459.1M Inflow This Week
In a notable development for the ETF sector, the iShares Semiconductor ETF (Symbol: SOXX) recorded a substantial inflow of approximately $459.1 million this week. This represents a week-over-week increase of 4.3% in outstanding units, rising from 57,550,000 to 60,050,000 units.
Current Performance of Major Holdings
Among the primary components of SOXX, today’s trading reveals a decline in shares. Qualcomm Inc (Symbol: QCOM) is down about 3.9%, Advanced Micro Devices Inc (Symbol: AMD) has dropped approximately 6.7%, and KLA Corp (Symbol: KLAC) fell by about 3.9%. For investors seeking comprehensive details, a complete list of holdings can be found on the SOXX Holdings page.
Price Trends and Technical Analysis
The chart below illustrates the one-year price performance of SOXX in relation to its 200-day moving average:
SOXX has a low point of $148.31 per share and a high point of $267.24 within the last 52 weeks, culminating in a recent trading price of $173.42. Analyzing the share price compared to the 200-day moving average can provide insightful technical analysis opportunities.
Understanding ETF Trading Dynamics
Exchange-traded funds (ETFs) function similarly to stocks, but instead of ‘shares,’ investors trade ‘units.’ These units can be exchanged like stocks and can also be created or destroyed based on investor demand. Each week, we monitor the changes in outstanding shares to identify ETFs experiencing significant inflows (new units created) or outflows (old units destroyed). The creation of new units necessitates the purchase of the underlying assets, while the redemption of units may lead to the sale of underlying holdings. Thus, significant flows can also influence the components held within these ETFs.
Click here to discover details about nine other ETFs that had notable inflows this week.
Also see:
- Institutional Holders of TLH
- DOOO Shares Outstanding History
- CSTR Options Chain
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
