In the latest update from ETF Channel, the iShares Semiconductor ETF (Symbol: SOXX) stands out due to a substantial outflow of approximately $207.8 million. This represents a 1.5% decrease in shares outstanding, dropping from 63,100,000 to 62,150,000 over the past week. While this may raise eyebrows, it’s essential to consider how the ETF’s key components are performing. Today, Marvell Technology Inc (Symbol: MRVL) has seen an increase of around 3.6%, KLA Corp (Symbol: KLAC) is up about 2.7%, and Lam Research Corp (Symbol: LRCX) is higher by roughly 3.3%. For a complete list of holdings, visit the SOXX Holdings page »
The chart below illustrates one year of price performance for SOXX, alongside its 200-day moving average:
Examining the price history reveals that SOXX reached a low of $192.87 per share within the last 52 weeks, while the high was $267.24. Currently, shares are trading at $222.73. Analyzing the recent share price in relation to the 200-day moving average is a common technical analysis method. For more details, learn about the 200-day moving average ».
It’s important to note that exchange traded funds (ETFs) function similarly to stocks; however, investors buy and sell “units” instead of “shares.” These units can fluctuate in number based on investor demand. Each week, we track changes in shares outstanding to identify ETFs with significant inflows (indicating new units created) or outflows (showing older units destroyed). Creating new units necessitates the purchase of underlying holdings, while destroying units involves selling them, which can impact the individual assets in the ETF.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
- SB market cap history
- AUSE shares outstanding history
- SSC shares outstanding history
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
