Significant Outflow Seen in SPDR S&P Homebuilders ETF
Investors Withdraw Over $100 Million This Week
Looking at the recent changes in ETF shares, the SPDR S&P Homebuilders ETF (Symbol: XHB) shows a notable trend. This week, approximately $100.2 million has flowed out, resulting in a 4.5% decline in shares outstanding, dropping from 18,800,016 to 17,950,016.
Among the major holdings in the XHB, today’s trading showed different performances: Owens Corning (Symbol: OC) increased by about 0.7%, while Trane Technologies plc (Symbol: TT) decreased by approximately 0.9%. Allegion plc (Symbol: ALLE) saw a significant drop, down about 3.3%. For additional details on all holdings, visit the XHB Holdings page »
The chart below illustrates XHB’s one-year price performance compared to its 200-day moving average:
Within the past year, XHB’s share price has fluctuated, reaching a low of $69.32 and hitting a high of $126.07. The most recent trading price stands at $118.31. Evaluating the share price against the 200-day moving average is a popular method used by investors for technical analysis—learn more about the 200-day moving average ».
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Exchange-traded funds (ETFs) operate similarly to stocks, but investors buy and sell “units” instead of “shares.” These units can be traded just like stocks and can also be created or destroyed based on investor demand. Each week, we review changes in outstanding shares data to identify ETFs showing significant inflows (new units created) or outflows (old units destroyed). The creation of new units implies purchasing the ETF’s underlying assets, while the destruction involves selling these holdings. Thus, large capital flows may influence the individual stocks within the ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
