Today, we highlight significant changes in shares outstanding among ETFs, focusing on the Distillate US Fundamental Stability & Value ETF (Symbol: DSTL). Recently, DSTL experienced an outflow of approximately $100.8 million, marking a 5.0% decrease week-over-week. Shares outstanding decreased from 36,725,000 to 34,900,000.

In the trading session, some of DSTL’s largest underlying components performed variably. Enterprise Products Partners L.P. (Symbol: EPD) rose by about 0.8%, while HCA Healthcare Inc. (Symbol: HCA) dipped by approximately 5.4%. Meanwhile, MPLX LP (Symbol: MPLX) gained about 1.8%. For further details regarding the holdings, visit the DSTL Holdings page.

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

Observing the chart, DSTL hit a low of $50.45 per share within its 52-week range, while its high reached $59.01. The recent trade settled at $55.37. Evaluating the current share price in relation to the 200-day moving average can provide significant insights for technical analysis.

Exchange-traded funds (ETFs) function similarly to stocks, though investors purchase and sell “units” rather than “shares.” These units can be traded back and forth like stocks but may also be created or destroyed based on investor interest. Each week, we analyze changes in shares outstanding to identify ETFs with significant inflows (new units created) or outflows (existing units removed). When new units are created, the ETF’s underlying assets must be acquired, while the destruction of units entails selling off these assets, leading to impacts on the individual components held within the ETFs.

Click here to find out which 9 other ETFs experienced notable outflows.

Also see:

• Institutional Holders of BRCD
• Funds Holding ITDF
• Growth ETFs

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.