NVDL ETF Sees Significant Week-Over-Week Outflow
In the latest report from ETF Channel, the NVDL ETF (Symbol: NVDL) has experienced a notable decline in shares outstanding, registering an outflow of approximately $321.9 million. This represents a 5.0% decrease from the previous week, with shares outstanding falling from 77,690,006 to 73,770,006.
The chart below illustrates NVDL’s price performance over the past year, alongside its 200-day moving average:
According to this chart, NVDL’s lowest point over the last 52 weeks was $13.935 per share, while its peak reached $91.70. The most recent trade shows the ETF at $77.39. Investors often compare the current share price with the 200-day moving average for insights into market trends.
Exchange traded funds (ETFs) operate similarly to stocks, where investors buy and sell “units” rather than shares. These units can be traded just like stocks, but they can also be created or eliminated based on investor demand. Throughout the week, we track changes in shares outstanding to identify ETFs that experience significant inflows, where new units are created, or outflows, signifying the destruction of units. The creation of new units necessitates purchasing the ETF’s underlying assets, while destroying units requires selling those holdings. Thus, substantial inflows or outflows can influence the individual components within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Additional Resources:
- Largest BDCs by Net Assets
- Top Ten Hedge Funds Holding RYZB
- Kinder Morgan Market Cap History
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
