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Analyzing GLD ETF Outflows: A Detailed Insight

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Analyzing GLD ETF Outflows: A Detailed Insight

Week-Over-Week Observations

Delving into the recent movements within the universe of ETFs, one cannot ignore the noteworthy outflow of approximately $715.7 million in the SPDR Gold Shares (Symbol: GLD). This marks a 1.3% decrease from 290,800,000 to 287,000,000 shares outstanding.

Visualizing Performance

The graphic representation below captures GLD’s one-year price performance against its 200-day moving average:

SPDR Gold Shares 200 Day Moving Average Chart

Price Insights

Scrutinizing the chart, GLD has showcased resilience with its 52-week low at $168.30 per share and a high of $193.1823, culminating in a last trade recorded at $189.68. Furthermore, aligning the recent share price with the 200-day moving average serves as a valuable technical analysis approach.

Understanding ETF Dynamics

ETFs function akin to stocks, except investors trade “units” rather than shares. These units can be transacted similarly to stocks and can also be generated or eliminated based on investor demand. Monitoring weekly changes in shares outstanding data unveils crucial insights into ETF dynamics, highlighting significant inflows (indicating new units created) or outflows (suggesting old units destroyed).

Explore the 9 other notable ETFs experiencing outflows here.

Additional Resources:
  • TASR Videos
  • P RSI
  • HAE Split History

The thoughts and sentiments articulated herein represent the author’s perspective and do not necessarily mirror those of Nasdaq, Inc.