SCHP ETF Sees Significant Week-Over-Week Inflows
Major Growth in Units Outstanding for SCHP ETF
Looking at the latest data from ETF Channel, the SCHP ETF (Symbol: SCHP) has made waves this week with an inflow of approximately $422.0 million. This translates to a week-over-week increase of 3.8% in outstanding units, growing from 423,600,000 to 439,700,000.
The chart illustrates the price performance of SCHP over the past year alongside its 200-day moving average. Notably, SCHP’s lowest price in the last 52 weeks was $25.1275 per share, and its highest was $26.96. The most recent closing price was $26.29. Evaluating the current share price against the 200-day moving average can provide valuable insight into price trends.
Exchange-traded funds (ETFs) operate similarly to stocks, but instead of “shares,” investors trade “units.” These units are flexible; they can be bought or sold on the market, and they can also be created or destroyed to match investor demand. Each week, we track changes in shares outstanding to identify ETFs that experience significant inflows (new units created) or outflows (old units destroyed). The creation of new units indicates that the ETF must buy underlying assets, while the destruction of units suggests selling those assets. Thus, substantial financial movements can influence the individual stocks held within these ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
- Institutional Holders of AAWW
- Institutional Holders of BGRO
- F Technical Analysis
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
