Notable Outflow Hits PAVE ETF: A Closer Look at Week-Over-Week Changes
PAVE ETF Experiences $181.9 Million Outflow
Looking at changes in shares outstanding among ETFs during the past week, the PAVE ETF (Symbol: PAVE) has drawn attention with an outflow of approximately $181.9 million. This figure reflects a 2.1% decrease week over week, dropping the shares outstanding from 211,990,000 to 207,510,000.
Examining the chart, PAVE’s lowest share price in the past year is $33.07, whereas its highest price reached $46.18. The most recent trade stands at $40.16. Investors often compare current share prices to the 200-day moving average as a technical analysis method—understanding this metric can provide additional insight into market trends.
Exchange-traded funds (ETFs) operate similarly to stocks; however, instead of “shares,” investors buy and sell “units.” These “units” can be traded just like shares but can also be created or destroyed based on investor demand. Each week, we track the changes in shares outstanding to identify ETFs with significant inflows (new units created) or outflows (old units destroyed). When new units are created, the ETF must buy the underlying assets. Alternatively, when units are destroyed, it involves selling off those assets. Hence, substantial flows can affect the individual securities held within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Additional Resources:
– GNRC Options Chain
– Institutional Holders of SBIT
– Philip Morris International YTD Return
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
