Outflow Detected: TOTL ETF
As we delve into the weekly changes in shares outstanding across the realm of ETFs included at ETF Channel, one standout emerges – the SPDR DoubleLine Total Return Tactical ETF (TOTL). This ETF has experienced a significant outflow of approximately $140.3 million, marking a 4.5% decline week over week, from 79,300,000 to 75,750,000 shares outstanding.
Performance Snapshot
The one-year price performance chart of TOTL compared to its 200-day moving average offers a revealing insight into its market trajectory.
Within the 52-week range, TOTL has oscillated from a low of $37.45 per share to a high of $41.415. The latest trade at $39.62 positions the ETF within this spectrum. Evaluating the current share price against the 200-day moving average serves as a valuable technical analysis approach, providing clarity on the ETF’s market sentiment.
Understanding ETFs
Exchange-traded funds (ETFs) operate akin to stocks, with investors trading ‘units’ rather than traditional shares. These units are subject to routine buying and selling, mirroring stock trading patterns. Moreover, units can be produced or eliminated to align with investor requirements, reflecting the dynamic nature of ETFs.
To monitor market trends effectively, we analyze the week-over-week alterations in shares outstanding data. Noteworthy inflows (indicative of newly created units) or outflows (depicting units removed from circulation) in ETFs are key indicators. The creation of new units necessitates the acquisition of underlying assets, while unit destruction involves divesting these assets. Consequently, substantial flows can impact the individual components housed within ETFs.
Click here to explore 9 other ETFs with significant outflows »
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The perspectives expressed herein reflect the author’s opinions and not necessarily those of Nasdaq, Inc.
