SPDR S&P MIDCAP 400 ETF Sees Notable Inflow This Week
In recent analysis by ETF Channel, the SPDR S&P MIDCAP 400 ETF Trust (Symbol: MDY) has emerged as a notable performer, recording an approximate $423 million inflow. This figure represents a 2.1% week-over-week increase in outstanding units, rising from 39,991,333 to 40,841,333. Among the ETF’s key holdings, today’s trading shows Interactive Brokers Group Inc – Class A (Symbol: IBKR) declining by about 0.3%, while Watsco Inc. (Symbol: WSO) and Casey’s General Stores, Inc. (Symbol: CASY) both increased by approximately 0.2%. For a full overview of holdings, visit the MDY Holdings page »
The accompanying chart illustrates the one-year price performance of MDY compared to its 200-day moving average:
MDY’s 52-week performance shows a low point of $458.82 per share and a high point of $624.125, with the latest trade recorded at $499.40. Analyzing the current share price in relation to the 200-day moving average is a valuable technical analysis technique. For more information, visit our guide on the 200-day moving average »
Exchange-traded funds (ETFs) function similarly to stocks; however, investors trade “units” instead of “shares.” These units can be created or destroyed based on investor demand, allowing for flexibility not seen in traditional stocks. Each week, we examine changes in shares outstanding to identify ETFs with significant inflows (new units created) or outflows (old units destroyed). A new unit creation necessitates purchasing the underlying holdings of the ETF, while unit destruction involves selling those holdings, potentially affecting the performance of individual components within the ETFs.
Click here to explore other ETFs with notable inflows »
Also see:
- DOO market cap history
- FFIC Options Chain
- Top Ten Hedge Funds Holding LYFE
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
