iShares S&P 100 ETF Sees Significant Inflows This Week
In recent analysis of week-over-week changes in shares outstanding of ETFs, the iShares S&P 100 ETF (Symbol: OEF) stands out with roughly $459.0 million in inflows. This marks a 2.9% increase in outstanding units, rising from 58,750,000 to 60,450,000. Among OEF’s major components today, Apple Inc (Symbol: AAPL) decreased by about 0.8%, Microsoft Corporation (Symbol: MSFT) remained flat, and Alphabet Inc (Symbol: GOOG) increased by approximately 0.7%. For additional details, visit the OEF Holdings page.
The chart below illustrates OEF’s one-year price performance in relation to its 200-day moving average:
According to the chart, OEF’s 52-week low is $233.95 per share, while its high sits at $300.35. The latest trade occurred at $271.86. Analyzing the most recent share price against the 200-day moving average may offer useful insights in technical analysis – learn more about the 200-day moving average.
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Exchange-traded funds (ETFs) function similarly to stocks, with “units” being traded instead of shares. These units can be exchanged like stocks but can also be created or destroyed to meet investor demand. Each week, we monitor changes in outstanding shares to identify ETFs with significant inflows or outflows. The creation of new units necessitates purchasing the ETF’s underlying holdings, while destroying units involves selling these holdings. Therefore, substantial flows can also affect the components held within the ETFs.
Click here to discover which 9 other ETFs had notable inflows.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
