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Significant ETF Outflows Spotted – GLD Significant ETF Outflows Spotted – GLD

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Checking the week-over-week changes in the universe of ETFs covered at ETF Channel, one standout is the SPDR Gold Shares (Symbol: GLD). The approximate $262.5 million dollar outflow detected represents a 0.5% decrease week over week (from 292,200,000 to 290,800,000).

SPDR Gold Shares 200 Day Moving Average Chart

Observing the one year price performance of GLD, its low point in the 52-week range stands at $168.19 per share, with $193.1823 being the 52-week high point. This compares with a last trade of $187.94. It’s worth noting that comparing the most recent share price to the 200-day moving average can be a useful technical analysis technique.

Exchange traded funds (ETFs) operate akin to stocks, but in lieu of ”shares,” investors are essentially buying and selling ”units.” These ”units” can be traded back and forth just like stocks, but can also be created or destroyed to meet investor demand. Each week, monitoring the week-over-week change in shares outstanding data helps to identify ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). It’s important to note that the creation of new units necessitates the purchasing of the underlying holdings of the ETF, while the destruction of units involves selling underlying holdings. Therefore, significant flows can also impact the individual components held within ETFs.

Click here to find out which 9 other ETFs experienced notable outflows.

Also see:

Β• Funds Holding NC
Β• DDD Insider Buying
Β• SONN Stock Predictions

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.

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