Major Inflow Boosts Communication Services Select Sector SPDR Fund
ETF XLC Sees $244.3 Million Increase in Outstanding Units
In the latest updates from ETF Channel, the Communication Services Select Sector SPDR Fund (Symbol: XLC) has captured attention with a significant inflow of approximately $244.3 million. This surge represents a 1.2% increase in outstanding units, rising from 208,050,000 to 210,600,000 units.
Within the XLC, major components have shown varied performance: Alphabet Inc (Symbol: GOOG) is down about 1.3%, while Netflix Inc (Symbol: NFLX) has decreased by about 0.3%. Interestingly, Take-Two Interactive Software, Inc. (Symbol: TTWO) has seen a slight gain of 0.3%. For a detailed list of holdings, visit the XLC Holdings page »
The chart below illustrates XLC’s price performance over the past year compared to its 200-day moving average:
According to the data, XLC hit a low of $72.32 per share over the past year, while the high reached $102.67. The fund’s last recorded price was $95.22. Evaluating the current share price against its 200-day moving average can yield insightful technical analysis—learn more about the 200-day moving average »
Exchange-traded funds (ETFs) function similarly to stocks, but investors buy and sell “units.” These units can be traded just like stocks and can also be created or destroyed based on demand. Each week, we track changes in outstanding units to identify ETFs that are experiencing significant inflows (creation of new units) or outflows (destruction of old units). New unit creation generally indicates that underlying holdings need to be acquired, while unit destruction typically involves selling those holdings. Thus, substantial inflows or outflows can affect the individual components within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
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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.
