Notable $402.4 Million Inflow Signals Increasing Investor Interest
This week, the SPDR Gold Shares (Symbol: GLD) experienced a remarkable change in shares outstanding. We observed an inflow of approximately $402.4 million, leading to a 0.5% week-over-week increase in outstanding units, from 301,000,000 to 302,500,000.
The chart below illustrates GLD’s price performance over the past year compared to its 200-day moving average:
Reviewing the data, GLD’s lowest price in its 52-week range stands at $183.78, while its peak reached $268.66. As of the latest trading, the share price settled at $267.36. Comparing the current price to the 200-day moving average provides valuable insight for technical analysis.
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Exchange-traded funds (ETFs) operate similarly to stocks; however, investors are buying and selling “units” rather than shares. These units can be traded like stocks, but their quantity can also change based on investor demand—new units can be created or old ones destroyed. Each week, we analyze the week-over-week changes in shares outstanding to identify ETFs that undergo significant inflows (indicating creation of new units) or outflows (indicating destruction of units). Notably, the creation of new units requires purchasing the underlying assets, while the destruction involves selling them. Therefore, substantial flows can influence the individual securities held within the ETFs.
Click here to find out which 9 other ETFs had notable inflows »
Additional Resources:
- BDC Baby Bonds and Preferreds
- MSM Next Dividend Date
- Funds Holding HTCO
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
