SPDR Portfolio S&P 600 Small Cap ETF Sees Notable $74.6 Million Outflow
Examining the week-over-week changes in shares outstanding for ETFs, the SPDR Portfolio S&P 600 Small Cap ETF (Symbol: SPSM) stands out with an approximate outflow of $74.6 million. This indicates a decrease of 0.6% from 274,260,217 shares to 272,560,217 shares week over week. Among the key holdings within SPSM, Alaska Air Group, Inc. (Symbol: ALK) has decreased by about 0.1%, Bath & Body Works Inc. (Symbol: BBWI) is down approximately 11%, and VF Corp. (Symbol: VFC) has fallen by around 0.6%. For a full list of holdings, visit the SPSM Holdings page.
Below is a chart illustrating the one-year price performance of SPSM alongside its 200-day moving average:
In examining the chart, SPSM’s share price has fluctuated within a 52-week range, hitting a low of $39.6485 and a high of $50.0297, with the latest trade recorded at $43.82. Utilizing a comparison of the current share price with the 200-day moving average can serve as an important tool for technical analysis; learn more about the 200-day moving average.
Free report: Top 8%+ Dividends (paid monthly)
Exchange-traded funds (ETFs) function similarly to stocks, with investors buying and selling ”units” instead of ”shares.” These ”units” can be traded just like stocks but are also subject to creation or destruction based on investor activity. Every week, we track changes in shares outstanding to identify ETFs that experience significant inflows (new units created) or outflows (old units destroyed). The creation of new units necessitates the purchase of the ETF’s underlying holdings, whereas the destruction of units involves selling them, meaning large capital flows can influence the ETF’s constituent components.
Click here to discover which 9 other ETFs have experienced notable outflows »
Also See:
- Best Value Stocks
- Funds Holding HCXY
- Funds Holding CVD
The views and opinions expressed herein are solely those of the author and do not necessarily reflect those of Nasdaq, Inc.
