SPDR S&P Regional Banking ETF Sees Significant Outflow This Week
Investors Pull Back as KRE Experiences $213.1 Million Loss
In the latest updates from ETF Channel, one notable trend has emerged among ETFs: the SPDR S&P Regional Banking ETF (Symbol: KRE) has recorded a significant outflow of approximately $213.1 million. This represents a 4.1% decline in shares outstanding, dropping from 82,602,585 to 79,202,585 week over week.
Today, shares of several major components within KRE also faced declines. Citizens Financial Group Inc (Symbol: CFG) is down about 1.7%, M & T Bank Corp (Symbol: MTB) has decreased by around 2.2%, and Truist Financial Corp (Symbol: TFC) dropped approximately 1.3%. To view a complete list of holdings, please visit the KRE Holdings page »
The chart below illustrates the one-year price performance of KRE against its 200-day moving average:
KRE’s share price has seen a range over the past year, hitting a low of $45.46 and reaching a high of $70.25, with the last trade recorded at $62.06. Analyzing the recent share price in relation to the 200-day moving average provides valuable insights. For more information on this analysis technique, learn more about the 200-day moving average »
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Exchange-traded funds (ETFs) work similarly to stocks, but investors trade “units” instead of “shares.” These units are exchangeable like stocks and can be created or destroyed based on investor demand. Each week, we monitor the changes in shares outstanding for ETFs, identifying those with significant inflows (indicating new units created) or outflows (indicating old units destroyed). The creation of new units requires purchasing the underlying assets of the ETF, while the destruction of units necessitates selling these assets, thus impacting the individual components held within the ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
- 10 Components Hedge Funds Are Selling
- REW Shares Outstanding History
- Funds Holding LABP
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
