Significant Outflows Detected in the Industrial Select Sector SPDR Fund
Looking at the week-over-week changes in shares outstanding among ETFs, the Industrial Select Sector SPDR Fund (Symbol: XLI) has exhibited a noteworthy shift. This fund experienced a substantial outflow of approximately $412.3 million, reflecting a 2.1% decrease in shares outstanding, which dropped from 152,726,000 to 149,476,000.
### Notable Changes in Component Stocks
Within XLI’s largest underlying components, significant losses were observed today. Caterpillar Inc. (Symbol: CAT) fell about 3.6%, while Union Pacific Corp (Symbol: UNP) decreased by approximately 2.1%. Honeywell International Inc. (Symbol: HON) also declined, down by about 1.8%.
For comprehensive details on holdings, you can visit the XLI Holdings page.
### Performance Overview
The chart below illustrates XLI’s one-year price performance alongside its 200-day moving average:
Examining the chart, XLI’s 52-week low stands at $112.75, with the high reaching $144.51. As of the last trade, the price is $124.44. Evaluating the recent share price against the 200-day moving average can provide valuable insight into its technical performance—learn more about this technique here.
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Exchange-traded funds (ETFs) function similarly to stocks, but investors are trading in “units” rather than traditional shares. These units can be created or destroyed based on investor demand, making it crucial to monitor changes in shares outstanding. Each week, we track these week-over-week changes to identify ETFs that may be experiencing significant inflows or outflows. The creation of new units necessitates the purchase of underlying holdings, while unit destruction entails selling those holdings. Therefore, large flows can significantly impact the individual components held within ETFs.
Click here to find out which nine other ETFs experienced notable outflows.
Also see:
- Howard Marks Stock Picks
- Top Ten Hedge Funds Holding FOCT
- TISI shares outstanding history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
