iShares Semiconductor ETF Sees $192.8 Million Outflow This Week
In today’s analysis of week-over-week changes in shares outstanding among ETFs, the iShares Semiconductor ETF (Symbol: SOXX) stands out with an approximate $192.8 million outflow. This constitutes a 1.5% decrease, dropping the shares outstanding from 59,550,000 to 58,650,000.
Key Components Performance
Among the largest underlying holdings in SOXX, Qualcomm Inc (Symbol: QCOM) has seen a rise of about 0.9%. Meanwhile, Advanced Micro Devices Inc (Symbol: AMD) is up 0.2%, and KLA Corp (Symbol: KLAC) reports an increase of approximately 2%. For a complete overview of holdings, please visit the SOXX Holdings page.
Price Performance Overview
The chart below illustrates the one-year price performance of SOXX in comparison to its 200-day moving average:
Reviewing the chart, SOXX has a 52-week low of $192.87 per share and a high of $267.24, with the most recent trading price noted at $217.59. Evaluating the current share price against the 200-day moving average can be an effective technical analysis approach.
Understanding ETF Trading Dynamics
Exchange-traded funds (ETFs) function like stocks; however, investors buy and sell “units” rather than shares. These units can be traded similarly to stocks but are also subject to creation and destruction based on investor demand. Each week, we analyze changes in share outstanding data to identify ETFs that are experiencing significant inflows (new units created) or outflows (existing units liquidated).
New unit creation necessitates the purchase of underlying holdings, whereas the destruction of units leads to the selling of those holdings. Therefore, substantial flows can influence the performance of individual components within ETFs.
Click here to see which 9 other ETFs experienced notable outflows.
Also See:
- Top Ten Hedge Funds Holding OGE
- EQBK Historical Stock Prices
- Top Ten Hedge Funds Holding CCR
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
