Substantial Decrease in Shares Outstanding
This week, the iShares Semiconductor ETF (Symbol: SOXX) reported an outflow of approximately $151.8 million, marking a 1.1% decline in shares outstanding. The count dropped from 61,900,000 to 61,200,000. Notably, among SOXX’s larger holdings today, Marvell Technology Inc (Symbol: MRVL) rose about 1.6%, while Monolithic Power Systems Inc (Symbol: MPWR) decreased by 1.9%. Microchip Technology Inc (Symbol: MCHP) saw a slight dip of about 0.2%. For the full list of holdings, visit the SOXX Holdings page »
The chart below illustrates the one-year price performance of SOXX in relation to its 200-day moving average:
Examining the chart, we can see that SOXX’s 52-week low is $192.87 per share, while its peak is $267.24. The most recent trading price stands at $218.83. Analyzing the current share price against the 200-day moving average can yield important insights into market trends — learn more about the 200-day moving average ».
Free Report: Top 8%+ Dividends (paid monthly)
Exchange-traded funds (ETFs) function like stocks, but investors are actually buying and selling “units.” These units can be traded similarly to stocks but can also be created or eliminated based on demand. Each week, we monitor changes in shares outstanding, focusing on ETFs with notable inflows (representing new units created) or outflows (reflecting units destroyed). The creation of new units necessitates purchasing the underlying holdings, while unit destruction requires selling off these holdings, thus influencing individual components within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
- AEG Split History
- AGYS YTD Return
- ADBE Insider Buying
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
