Significant Outflows from ARK Genomic Revolution ETF Raise Questions
This week, the ARK Genomic Revolution ETF (Symbol: ARKG) has captured attention due to an estimated $70.1 million outflow. This represents a 5.3% decrease in shares, moving from 51,400,000 to 48,700,000 since last week.
The chart illustrates ARKG’s performance over the past year, highlighting that its lowest price was $22.27 per share, while the highest reached $34.33. Currently, the last price reported for ARKG stands at $26.54. Investors often utilize comparisons between the latest share price and the 200-day moving average for technical analysis insights.
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Exchange traded funds (ETFs) function much like stocks; however, investors acquire and trade “units” rather than “shares.” These “units” can be created or destroyed based on market demand. Weekly analysis of changes in shares outstanding helps identify ETFs experiencing significant inflows (more units being created) or outflows (units being removed). The creation of new units necessitates the acquisition of underlying assets, while the removal of units leads to selling those assets, affecting the overall performance of individual components held within these ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Additional Resources:
- Metals Channel
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- Institutional Holders of SOPH
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