The SPDR NYSE Technology ETF (XNTK) has experienced a significant outflow of approximately $260 million, reflecting a 14.5% decrease in shares outstanding from 6,330,012 to 5,410,012. This change was reported in the latest week.
As of the last trade, XNTK is priced at $280.19, which is between its 52-week low of $159.43 and high of $295.79. Key underlying components such as Shopify Inc. (SHOP) are down by 1.7%, Booking Holdings Inc. (BKNG) is down 0.1%, and Intuit Inc. (INTU) is down 0.5%.
The movement in shares can impact the ETF’s underlying holdings, as large outflows require selling underlying investments to accommodate the decrease in demand.
