BCI ETF Sees Significant Week-Over-Week Outflow
Looking at the latest week-over-week changes in ETFs, one ETF stands out: the BCI ETF (Symbol: BCI). This week, it has experienced an outflow of approximately $70.7 million, marking a 5.1% decrease in shares outstanding—from 66,600,000 down to 63,200,000.
BCI’s price has fluctuated over the past year, with a low of $18.80 and a high of $21.53. Currently, the ETF is trading at $20.84. Monitoring the current share price against the 200-day moving average can provide additional insights into its performance.
Exchange-traded funds (ETFs) operate similarly to stocks; however, investors buy and sell “units” instead of shares. These units can be traded back and forth, but can also be created or destroyed based on investor demand. Each week, we track changes in shares outstanding to identify ETFs showing significant inflows (new units created) or outflows (existing units destroyed). Notably, the creation of new units typically requires purchasing the underlying assets of the ETF, while the destruction of units involves selling those holdings. Consequently, large inflows or outflows can impact the individual securities within these ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
