Strong Inflows for SCHD ETF Indicate Growing Investor Interest
In the latest review of exchange-traded funds (ETFs) at ETF Channel, one striking observation is the SCHD ETF (Symbol: SCHD), which has seen an inflow of approximately $548.7 million. This represents a 0.8% increase in outstanding units, raising the total from 2,252,450,000 to 2,271,450,000 this week.
The following chart highlights SCHD’s price performance over the past year against its 200-day moving average:
According to the chart, SCHD’s lowest share price over the past year was $23.4683, while its highest reached $29.35. Currently, the last trade price stands at $28.68. Comparing the latest share price to the 200-day moving average is a valuable technique for technical analysis. You can learn more about the 200-day moving average here.
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Exchange-traded funds (ETFs) are traded like stocks, but investors buy and sell ‘units’ instead of ‘shares’. These units are traded similarly to stocks, yet they can also be created or destroyed based on investor demand. Each week, we track changes in units outstanding to identify ETFs with significant inflows, where new units are created, or outflows, where old units are eliminated. The creation of new units requires the acquisition of underlying assets, while the destruction involves selling those assets. Consequently, substantial inflows or outflows can influence the individual components held within the ETFs.
Click here to discover nine other ETFs with significant inflows »
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The views expressed in this article are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.
