ETFs Under Pressure: SPDR S&P Insurance ETF Sees Major Outflow
In this week’s ETF analysis, the SPDR S&P Insurance ETF (Symbol: KIE) stands out with a notable outflow of approximately $93.1 million. This represents a significant 10.0% decrease in shares outstanding, dropping from 16,000,000 to 14,400,000.
Today’s trading reveals mixed performance among KIE’s key components. Unum Group (Symbol: UNM) has increased by roughly 0.7%, while Lincoln National Corp. (Symbol: LNC) has decreased by about 0.2%. MetLife Inc (Symbol: MET) is showing a modest gain of around 0.6%. For a detailed list of KIE’s holdings, check out the KIE Holdings page.
The chart below illustrates KIE’s price performance over the past year compared to its 200-day moving average:
KIE’s 52-week trading range shows a low of $41.56 per share and a high of $58.82. The latest trading price stands at $58.51. Comparing the current price to the 200-day moving average can provide useful insights for technical analysis—find out more about the 200-day moving average.
Exchange-traded funds (ETFs) function similarly to stocks; however, investors trade “units” rather than “shares.” These units can be created or eliminated based on demand. Each week, we track changes in shares outstanding to identify ETFs with notable inflows (new units created) or outflows (units destroyed). When new units are created, it typically means that the ETF must purchase underlying assets, while the destruction of units requires selling off those assets. Thus, significant flows can influence individual stocks within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
- PATH Stock Predictions
- ME Stock Predictions
- NOG Price Target
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
