Significant inflow of $172.2 million boosts ETF’s outstanding units by 16.8% week-over-week.
In today’s analysis of ETF changes, a notable highlight is the United States Oil Fund LP (Symbol: USO). This fund has seen an impressive inflow of approximately $172.2 million, leading to a 16.8% week-over-week increase in outstanding units, which have risen from 13,123,603 to 15,323,603.
The chart below illustrates USO’s performance over the past year compared to its 200-day moving average:
According to the chart, USO’s lowest share price in the past 52 weeks was $66.02, while its highest was $84.58. The most recent trading price stands at $77.15. Technical analysis often involves comparing current prices to the 200-day moving average, a practice that can provide additional insight into market trends.
Exchange-traded funds (ETFs) function similarly to stocks, but investors trade “units” instead of shares. These units can be created or destroyed based on investor demand, which means heavy inflows necessitate the purchase of the underlying assets, whereas large outflows lead to selling of those assets. Therefore, monitoring week-over-week changes in units outstanding helps identify ETFs that are experiencing significant investor interest.
Click here to discover which 9 other ETFs are seeing notable inflows »
Additional Resources:
- MASS market cap history
- OFLX Dividend Growth Rate
- GEPC Insider Buying
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
