Today’s examination of exchange-traded funds (ETFs) highlights a significant development in the SPDR Gold Shares (Symbol: GLD). This fund experienced a notable outflow of approximately $98.2 million, marking a 0.1% decline in shares outstanding from 305,200,000 down to 304,800,000 over the past week.
Analyzing GLD’s performance, its 52-week low stands at $177.535 per share, while the 52-week high reached $247.37. As of the last trade, the share price is $244.78. Comparing the current price to the 200-day moving average can provide important insights for investors and traders alike—learn more about the 200-day moving average here.
Exchange-traded funds (ETFs) function similarly to stocks. However, instead of trading “shares,” investors buy and sell “units.” These units can be traded just like stocks, but they can also be created or destroyed based on investor demand. Each week, we track changes in shares outstanding to identify ETFs with significant inflows (new units created) or outflows (units destroyed). When new units are created, the ETF must purchase the necessary underlying assets, while the destruction of units entails selling them. Consequently, large capital movements can have an impact on the individual components held within ETFs.
Click here to discover which 9 other ETFs have seen substantial outflows »
Additional Resources:
- Top Dividend Stocks
- Funds Holding HNRG
- Funds Holding USML
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
