ARK Innovation ETF Faces Notable Outflow Amid Market Shifts
Week-Over-Week Change Highlights Investor Trends
This week, the ARK Innovation ETF (Symbol: ARKK) experienced a significant outflow of approximately $71.1 million, translating to a 1.3% drop in shares outstanding. The total number of shares went from 119,200,000 to 117,700,000.
The chart below illustrates ARKK’s price performance over the past year compared to its 200-day moving average:
According to the chart, the low point for ARKK in its 52-week range was $33.76 per share, while its highest point reached $54.52. The most recent trading value for ARKK was $48.17. Analyzing the share price against the 200-day moving average can provide valuable insight into its performance — for more on this analysis technique, learn about the 200-day moving average.
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Exchange-traded funds (ETFs) operate similarly to stocks. However, investors are actually buying and selling “units” rather than shares. Units can be traded just like stocks, but they are also created or destroyed based on investor demand. Each week, we track changes in shares outstanding to identify ETFs that are experiencing notable inflows (indicating new units created) or outflows (indicating old units destroyed). The creation of new units implies that the underlying ETF holdings must be purchased, while the destruction of units means that underlying assets must be sold. Large movements can significantly influence the individual components held within these ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Related Topics:
- Cash Dividend
- GOSS YTD Return
- ETFs Holding TEN
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
