The Invesco Semiconductors ETF (PSI) has experienced a significant outflow of approximately $354.8 million, marking a 22.7% decrease in shares outstanding from 17,070,000 to 13,200,000 week-over-week. This data was reported in the trading update on October 2, 2023.
Currently, PSI has a share price of $93.46, compared to its 52-week low of $37.64 and a high of $105.74. Among key components, nLight Inc (LASR) increased by 1%, Camtek Ltd (CAMT) rose by 2.2%, and Semtech Corp. (SMTC) grew by 2.4% in today’s trading.
ETFs like PSI operate by trading “units,” which are created or destroyed based on investor demand. Notably, large outflows can impact the underlying components of the ETF.
