SPDR S&P MIDCAP 400 ETF Sees $453.3 Million Outflow This Week
Today, we observe significant week-over-week changes in shares outstanding within the ETF sector, particularly with the SPDR S&P MIDCAP 400 ETF Trust (Symbol: MDY). This ETF experienced an outflow of approximately $453.3 million, reflecting a 2.0% decrease in shares outstanding, from 41,841,333 to 41,016,333.
MDY Performance Overview
Within MDY’s largest component holdings, today’s trading shows mixed results: Expand Energy Corp (Symbol: EXE) has gained about 0.5%, while Williams Sonoma Inc (Symbol: WSM) and Interactive Brokers Group Inc – Class A (Symbol: IBKR) have declined by approximately 2% and 2.9%, respectively. For a complete list of holdings, visit the MDY Holdings page.
The chart below illustrates MDY’s one-year price performance in relation to its 200-day moving average:
MDY has traded in a 52-week range with a low of $511.97 per share and a high of $624.125, resulting in its latest trade price of $549.84. Analyzing the current share price against the 200-day moving average can be a valuable technical analysis tool. For more details, you can learn about the 200-day moving average.
Understanding ETF Trading Dynamics
Exchange-traded funds (ETFs) function similarly to stocks, but when investors buy and sell, they deal with “units” instead of shares. These units can be traded just like stocks and can also be created or destroyed to meet investor demand. Each week, we assess changes in shares outstanding to identify ETFs with notable inflows or outflows. Creating new units requires purchasing underlying assets, while unit destruction necessitates selling those underlying holdings. Therefore, substantial inflows and outflows can influence the individual components included in ETFs.
Click here to discover which 9 other ETFs encountered notable outflows »
Also see:
- MLPs Hedge Funds Are Buying
- Aon Market Cap History
- VHC Market Cap History
The views and opinions expressed herein are from the author and do not necessarily reflect those of Nasdaq, Inc.









