SPDR S&P MidCap 400 ETF Sees Significant Outflow This Week
In the latest analysis from ETF Channel, the SPDR S&P MIDCAP 400 ETF Trust (Symbol: MDY) has experienced a notable outflow of approximately $196.4 million. This marks a 0.9% decrease in shares outstanding week-over-week, dropping from 40,666,348 to 40,316,348 shares. Key holdings in MDY, such as Duolingo Inc (Symbol: DUOL), are down about 0.8%, RB Global Inc (Symbol: RBA) is down around 0.9%, and DocuSign Inc (Symbol: DOCU) has decreased by approximately 1.9%. For a complete list of MDY’s holdings, visit the MDY Holdings page.
Performance Overview of MDY
The chart below illustrates MDY’s one-year price performance compared to its 200-day moving average:
MDY has a 52-week low of $458.82 per share and a 52-week high of $624.125, with the last recorded trade at $555.09. Comparing the current share price to the 200-day moving average provides valuable technical insights.
Understanding ETF Trading Dynamics
Exchange-traded funds (ETFs) function like stocks, with investors buying and selling “units” instead of shares. These units can be traded like stocks and can also be created or destroyed based on investor demand. Each week, we monitor share outstanding data to identify ETFs experiencing significant inflows or outflows. When new units are created, the ETF must acquire more underlying holdings, while unit destruction involves selling underlying shares. Consequently, large flows can significantly impact the individual components held within ETFs.
Click here to discover which nine other ETFs have faced notable outflows.
For further analysis, you can also see:
- Funds Holding GLD
- Institutional Holders of QQC
- WFCF Insider Buying
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
