Significant Outflows Detected in Consumer Discretionary ETF
Trading Data Highlights Notable Changes in XLY Holdings
In the latest week of trading, The Consumer Discretionary Select Sector SPDR Fund (Symbol: XLY) experienced a remarkable outflow of approximately $1.3 billion, marking a 5.5% decrease in shares outstanding. The total shares fell from 107,753,252 to 101,853,252. Despite this outflow, some major holdings showed positive movement today. McDonald’s Corp (Symbol: MCD) rose by about 0.3%, Lowe’s Companies Inc (Symbol: LOW) gained around 0.5%, and Starbucks Corp. (Symbol: SBUX) increased by about 1%. More detailed holdings can be found on the XLY Holdings page.
Below is a chart illustrating the one-year price performance of XLY compared to its 200-day moving average:
XLY’s share price has seen a 52-week range between a low of $166.48 and a high of $240.28, with the most recent trade at $227.28. Analyzing this price alongside the 200-day moving average can provide useful insights into market trends.
Exchange-traded funds (ETFs) function similarly to individual stocks; however, investors are trading “units” instead of “shares.” These units can be exchanged like stocks but can also be created or destroyed based on investor demand. Each week, we observe changes in shares outstanding to identify ETFs that are experiencing significant inflows (when new units are created) or outflows (when existing units are eliminated). Major flows may have ripple effects on the underlying assets of the ETF.
Click here to learn which 9 other ETFs saw significant outflows this week.
Additional Resources:
- International Business Machines YTD Return
- GALE Split History
- Funds Holding IGS
The views and opinions expressed in this article are those of the author and do not necessarily represent those of Nasdaq, Inc.
