Pacer Trendpilot 100 ETF Sees Significant Outflow of $433.6 Million
In the latest review of week-over-week changes in shares outstanding among various ETFs, the Pacer Trendpilot 100 ETF (Symbol: PTNQ) has emerged as a significant performer. The fund experienced an outflow of approximately $433.6 million, marking a notable 26.5% decrease in shares outstanding from 24,350,000 to 17,900,000 over the week.
The chart below illustrates the one-year price performance of PTNQ alongside its 200-day moving average:
Reviewing the chart, PTNQ has reached a low of $66.14 per share in its 52-week range, while its 52-week high stands at $77.83. The most recent trading price is $67.19. Analyzing the share price in relation to the 200-day moving average can provide insights into market trends and investor sentiment.
Exchange-traded funds (ETFs) function similarly to stocks, trading in “units” rather than “shares.” These units can be actively traded just like stocks, but they can also be created or destroyed based on investor demand. Our weekly analysis tracks significant inflows, indicating many new units being created, or outflows, showing many old units being destroyed. The creation of new units requires purchasing the ETF’s underlying holdings, while the destruction of units involves selling those holdings. Thus, large inflows and outflows can impact the individual components held within ETFs.
Click here to find out which 9 other ETFs have also experienced notable outflows »
Also see:
- Cheap Stocks With Potential
- US Gold Corporation Average Annual Return
- Lockheed Martin Year-to-Date Return
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
