Strong Inflows into iShares S&P 100 ETF: Key Insights

This week, a significant change in shares outstanding has emerged for the iShares S&P 100 ETF (Symbol: OEF). Notably, the ETF saw inflows of approximately $1.9 billion, reflecting a 12.9% increase in outstanding units, climbing from 52,050,000 to 58,750,000. Among the major components of OEF, notable performances include Apple Inc (Symbol: AAPL), down about 0.1%, NVIDIA Corp (Symbol: NVDA), down around 2.8%, and Microsoft Corporation (Symbol: MSFT), which fell by approximately 1.6%. For a complete list of holdings, visit the OEF Holdings page. 

The chart below illustrates the one-year price performance of OEF alongside its 200-day moving average:

According to the chart, OEF’s 52-week low is $233.95 per share, while its high is $300.35. The recent trading price stands at $278.92. Evaluating the share price relative to the 200-day moving average can be a valuable technical analysis technique.

Exchange-traded funds (ETFs) function similarly to stocks; however, investors buy and sell “units” instead of “shares.” These units can be traded like stocks but can also be created or destroyed based on demand. Weekly monitoring of changes in shares outstanding helps identify ETFs with notable inflows, signifying the creation of new units, or outflows, indicating unit destruction. Such changes imply that the ETF may need to buy or sell underlying holdings, potentially impacting individual components within the ETF.

Click here to find out which 9 other ETFs had notable inflows.

Also see:

• SG Historical Stock Prices
• EFSC Price Target
• Top Ten Hedge Funds Holding TUG

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.