ARK Innovation ETF Sees Significant $254.4 Million Inflow This Week
Today, we observe substantial week-over-week changes in shares outstanding among ETFs tracked by ETF Channel. The ARK Innovation ETF (Symbol: ARKK) stands out with an impressive inflow of approximately $254.4 million, marking a 5.2% increase in outstanding units. This surge brings the total from 105,200,000 to 110,700,000 units.
The chart below illustrates ARKK’s one-year price performance in relation to its 200-day moving average:
According to the chart, ARKK has a 52-week low of $36.85 per share and a high of $68.43, with the most recent trade recorded at $46.49. Analysts often compare the latest share price to the 200-day moving average for additional insights, which can be explored further here.
Exchange-traded funds (ETFs) function similarly to stocks; however, investors trade “units” instead of shares. These units can be bought and sold just like stocks but can also be created or destroyed based on investor demand. Weekly monitoring of the shares outstanding data helps identify ETFs that experience significant inflows or outflows, as the creation of new units typically involves purchasing the underlying holdings of the ETF. Conversely, the destruction of units requires selling those underlying assets, which can significantly affect the individual components held within these ETFs.
Click here to discover which other nine ETFs experienced notable inflows this week.
Also See:
- Ex-Dividend Calendar
- MTX Shares Outstanding History
- Funds Holding JHA
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
