In the latest data from ETF Channel, the iShares Gold Trust (Symbol: IAU) has attracted significant attention this week, with an inflow of approximately $486.7 million. This increase translates to a 1.5% growth in outstanding units, rising from 654,050,000 to 663,700,000 units in just one week.
The chart below illustrates IAU’s price performance over the past year compared to its 200-day moving average:
Analyzing the chart, IAU’s shares have ranged from a low of $37.40 to a high of $52.69 over the past year. The most recent trade is recorded at $50.97. Evaluating the share price against the 200-day moving average can provide insights for technical analysis—more details can be found regarding the importance of the 200-day moving average.
Exchange-Traded Funds (ETFs) operate similarly to stocks, but instead of trading “shares,” investors transact in “units.” These units are transferable like shares but can also be created or destroyed in response to market demand. Our weekly monitoring tracks changes in shares outstanding to identify ETFs experiencing notable inflows (new units created) or outflows (units destroyed). When new units are created, it necessitates purchasing the underlying assets of the ETF, while a decrease in units involves selling those assets. Therefore, significant flows can impact individual components within ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Also see:
- SDOG market cap history
- CHE Videos
- PYR YTD Return
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
