ETF Overview and Recent Activity
This week, the SPDR Gold Shares (Symbol: GLD) saw a significant outflow of approximately $170.8 million. This represents a 0.2% decrease in shares outstanding, dropping from 305,600,000 to 304,900,000.
Analyzing the chart above reveals that the low point for GLD in its 52-week range is $183.1513 per share, while the 52-week high stands at $257.71. Currently, the last trade price is $245.05. Comparing the latest share price with the 200-day moving average can provide useful technical insights—learn more about the 200-day moving average here.
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Exchange-traded funds (ETFs) function like stocks. Investors purchase and sell “units” rather than “shares.” These units can be traded back and forth or created and destroyed based on demand. Each week, we analyze changes in shares outstanding to identify ETFs with notable inflows or outflows. The creation of new units requires buying additional underlying assets, while the destruction of units involves selling those assets, which can affect the components within the ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Additional Resources:
- Top Ten Hedge Funds Holding LO
- Institutional Holders of SPDR
- FTCI YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
