Significant Outflows Impact SPDR S&P Oil & Gas ETF

Week-Over-Week Changes Highlight Market Dynamics

In a recent analysis of exchange-traded funds (ETFs), the SPDR S&P Oil & Gas Exploration & Production ETF (Symbol: XOP) is noteworthy, experiencing a substantial outflow of approximately $122.7 million. This represents a 4.8% decrease in shares outstanding for the week, dropping from 18,600,000 to 17,700,000. Key components influencing XOP’s performance include Texas Pacific Land Corp (Symbol: TPL), which is down about 0.3%, CNX Resources Corp (Symbol: CNX), up about 1.7%, and Expand Energy Corp (Symbol: EXE), which has risen approximately 1.4%. For a complete list of holdings, visit the XOP Holdings page »

The following chart illustrates XOP’s price performance over the past year in comparison to its 200-day moving average:

XOP’s one-year performance reveals a low point of $124.12 per share and a high of $162.49, with the last recorded trade at $137.39. Evaluating the current share price against the 200-day moving average can offer valuable insights into market trends — learn more about the 200-day moving average ».

Exchange-traded funds function similarly to stocks, but investors buy and sell ‘units’ instead of shares. These units can be traded back and forth, and they can also be created or destroyed based on investor demand. Weekly monitoring of shares outstanding helps identify ETFs that are seeing significant inflows or outflows. When new units are created, the ETF’s underlying assets must be purchased, while the destruction of units requires selling off these assets. Consequently, large volume changes can also affect the individual stocks held within ETFs.

Click here to find out which 9 other ETFs experienced notable outflows »

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