Significant ETF Inflows: Spotlight on XLC, NFLX, TTWO, and CHTR

Published On: December 10, 2024 12:19 pm

Strong Inflows Boost Communication Services Select Sector SPDR Fund

Notable Changes in ETF Shares Outstanding This Week

Recently, the Communication Services Select Sector SPDR Fund (Symbol: XLC) experienced a significant inflow of approximately $301.3 million. This marks a 1.5% week-over-week increase in outstanding units, rising from 206,500,000 to 209,550,000. The performance of major components within XLC shows a mixed picture: Netflix Inc (Symbol: NFLX) rose by about 0.3%, while Take-Two Interactive Software, Inc. (Symbol: TTWO) fell by roughly 0.3%. Charter Communications Inc (Symbol: CHTR), however, saw an increase of approximately 1.3%. For a complete list of holdings, visit the XLC Holdings page.

The chart below illustrates XLC’s one-year price performance compared to its 200-day moving average:

The Communication Services Select Sector SPDR Fund 200 Day Moving Average Chart ‘;

The current share price for XLC stands at $100.38. In comparison, its 52-week low is $69.57, with a high of $101.125. Evaluating the most recent share price relative to the 200-day moving average can provide valuable insights for investors seeking to analyze trends in ETF performance.

Exchange-traded funds (ETFs) operate similarly to stocks, but investors trade “units” rather than shares. These units can be bought and sold like stocks, and crucially, they can be created or destroyed based on demand from investors. Every week, we track changes in shares outstanding to identify ETFs with significant inflows or outflows. The creation of new units necessitates purchasing the ETF’s underlying holdings, while the destruction of units leads to selling off those holdings. As a result, notable inflows or outflows can significantly affect individual components within the ETFs.

Click here to discover 9 other ETFs with notable inflows »