SPDR S&P Homebuilders ETF Experiences Significant Outflow

Key Changes in Trading and Performance Metrics

Today, the SPDR S&P Homebuilders ETF (Symbol: XHB) has made headlines due to an approximate $93.2 million outflow, translating to a 4.2% decrease in shares outstanding from 19,200,016 to 18,400,016 over the week. This shift comes amid trading movements in key components of the ETF. Owens Corning (Symbol: OC) saw an increase of about 1.6%, while Trane Technologies plc (Symbol: TT) dipped by about 0.7%, and Lowe’s Companies Inc (Symbol: LOW) slightly rose by about 0.2%. For a complete overview of holdings, check the XHB Holdings page »

The chart illustrates XHB’s performance over the past year compared to its 200-day moving average. The ETF reached a low of $81.40 and peaked at $126.07 in the last 52 weeks, with the latest trade occurring at $117.70. Tracking the current share price against the 200-day moving average is an essential tactic for technical analysis – learn more about the 200-day moving average ».

Exchange-traded funds (ETFs) operate similarly to stocks, but investors buy and sell “units” instead of “shares.” These units can be traded just like stocks, and firms can create or destroy them to meet market demand. Each week, we analyze the changes in shares outstanding to identify ETFs experiencing significant inflows (when new units are created) or outflows (when units are destroyed). The creation of new units typically requires purchasing the underlying assets, while the destruction leads to selling those assets. Hence, substantial flow changes can affect the individual stocks contained in these ETFs.

Click here to discover which 9 other ETFs faced notable outflows »

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