AVLV ETF Sees Significant Inflow Boost
Strong Demand Drives Outstanding Units Up by 3.4%
ETFs can showcase intense week-over-week changes, and the AVLV ETF (Symbol: AVLV) certainly fits this description. Recently, it experienced an inflow of approximately $167.6 million, marking a remarkable 3.4% increase in outstanding units from 71,440,000 to 73,880,000.
The chart below illustrates the one-year price performance of AVLV compared to its 200-day moving average:
Examining the chart, the AVLV ETF’s 52-week low is at $53.67 per share, while its high reached $69.929. The latest trading price stands at $68.97. For investors, comparing the most recent share price to the 200-day moving average provides valuable insights for technical analysis. To learn more about this method, click here.
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Exchange-traded funds (ETFs) function like stocks, but investors buy and sell “units” instead of shares. These units can be traded just like stocks and can be created or destroyed based on investor interest. Every week, we analyze the week-over-week changes in shares outstanding, focusing on ETFs that show significant inflows (new units created) or outflows (units destroyed). When new units are created, the underlying assets of the ETF must be acquired, while the sale of units means those underlying assets must be sold. Thus, substantial inflows or outflows can affect the individual components held within the ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
- Best High Yield Stocks
- GLNG shares outstanding history
- Funds Holding SEAS
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
