iShares Silver Trust Sees $172.3 Million Inflow This Week

The iShares Silver Trust (Symbol: SLV) experienced a substantial $172.3 million inflow, marking a 1.2% increase in shares outstanding from 493,900,000 to 499,600,000.

The 52-week trading range for SLV shows a low of $24.25 per share and a high of $31.80. The most recent trading price was $30.16, indicating how it compares to the 200-day moving average.

Exchange-traded funds (ETFs) operate similarly to stocks but involve buying and selling “units” instead of shares. These units can also be created or destroyed based on investor demand. Monitoring week-over-week changes in shares outstanding helps identify ETFs with significant inflows or outflows. New unit creation necessitates purchasing the underlying assets, while unit destruction involves selling those assets. Therefore, notable inflows can influence the individual securities within the ETF.

Click here for information on 9 other ETFs that had significant inflows.

Also see:

• MVO shares outstanding history
• GIM Insider Buying
• FSNN Options Chain

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.