SPDR Doubleline Total Return Tactical ETF Sees Notable Inflow
Looking at recent week-over-week changes in shares outstanding for ETFs, the SPDR Doubleline Total Return Tactical ETF (Symbol: TOTL) stands out. The ETF experienced an inflow of approximately $153.5 million, marking a 4.4% increase in outstanding units, rising from 89,650,000 to 93,550,000.
Performance Overview
The chart below depicts the one-year price performance of TOTL compared to its 200-day moving average:
Currently, TOTL’s lowest point in its 52-week range is $38.97 per share, with a high of $41.6885. The last trade recorded was $39.30. A comparison of the most recent share price to the 200-day moving average can offer valuable technical insights.
Understanding ETF Units
Exchange Traded Funds (ETFs) function similarly to stocks, but investors buy and sell “units.” These units can be traded like stocks and are 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 (existing units destroyed). When new units are created, the underlying holdings of the ETF must be purchased. Conversely, the destruction of units requires selling off holdings, which can significantly impact the individual components of the ETFs.
Click here to explore which 9 other ETFs experienced notable inflows.
Explore Further:
- USFR Market Cap History
- VTTI Price Target
- WEAT Insider Buying
The views expressed herein are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.