TSLL ETF Sees Significant Inflows Amidst Market Activity
Remarkable $216.1 Million Gains Mark a 5.6% Week-Over-Week Increase
This week, the TSLL ETF (Symbol: TSLL) has emerged as a notable player in the ETF landscape, recording an impressive inflow of approximately $216.1 million. This surge represents a 5.6% week-over-week increase in outstanding units, rising from 193,400,001 to 204,275,001.
The accompanying chart illustrates TSLL’s performance over the past year compared to its 200-day moving average:
According to the chart, TSLL’s lowest point in its 52-week range was $4.94 per share, while the highest point reached $41.50. Currently, the last trade price stands at $19.06. Evaluating the most recent share price against the 200-day moving average provides additional insight into market trends.
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Exchange Traded Funds (ETFs) function similarly to stocks, with investors buying and selling “units” instead of shares. These units can be traded like stocks, but they can also be created or destroyed depending on investor demand. Our analysis continuously monitors changes in outstanding shares to identify ETFs experiencing significant inflows or outflows. The creation of new units necessitates the purchase of underlying assets, while the destruction of units requires sales of these assets, which can influence the individual components of the ETFs.
Click here to discover which 9 other ETFs had notable inflows »
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The views and opinions expressed herein are those of the author and may not represent those of Nasdaq, Inc.
