Looking at the latest data from ETF Channel, the TSLL ETF (Symbol: TSLL) has experienced notable growth with an inflow of approximately $216.0 million. This marks a 4.8% increase in outstanding units, bringing the total from 172,350,001 to 180,625,001 over the past week.
Analyzing the chart above, TSLL reached a low of $4.94 per share in its 52-week range, while the high was $41.50. The most recent trade settled at $28.86. 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) operate similarly to stocks, but instead of “shares,” investors deal with “units.” These units can be traded like stocks, and can also be created or destroyed based on market demand. We monitor week-over-week changes in shares outstanding to identify ETFs that are experiencing significant inflows, indicating the creation of new units, or outflows, suggesting a reduction. The creation of units often means that the ETF must purchase underlying assets, whereas the destruction involves selling them. Thus, substantial flows can have effects on individual components within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
