Steep Outflow of $152.4 Million Noted This Week
In recent trading among ETFs, the PAVE ETF (Symbol: PAVE) has attracted attention due to a notable $152.4 million outflow. This represents a 1.8% decrease in shares outstanding from 205,410,000 to 201,760,000 week-over-week.
The chart below illustrates PAVE’s price performance over the past year compared to its 200-day moving average:
PAVE’s price fluctuated within a 52-week range, with a low of $28.27 and a high of $42.53. The last recorded trade was at $41.39. Analyzing this price in relation to the 200-day moving average can provide valuable insights for investors.
Discover Top 8%+ Dividend Opportunities (monthly report)
Exchange-traded funds (ETFs) operate similarly to stocks, but instead of shares, investors buy and sell “units.” These units are tradable just like shares and can be created or destroyed based on investor interest. We track weekly changes in shares outstanding to identify ETFs with significant inflows (new units created) or outflows (existing units removed). The creation of new units signifies the purchase of underlying assets, while the destruction involves selling those assets, often impacting the individual stocks within the ETF.
Click here to find out which additional 9 ETFs experienced significant outflows »
Related Discussions:
- Top Ten Hedge Funds Holding IWFH
- Funds Holding TSYI
- DOLE Dividend Growth Rate
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
