SPDR S&P Homebuilders ETF Sees Significant Withdrawal of Funds

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The SPDR S&P Homebuilders ETF (XHB) experienced a significant outflow of approximately $130.4 million, marking a 12.6% decrease in shares outstanding from 17,850,000 to 15,600,000 in the past week. This change occurred amidst ongoing trading activities involving major components such as Lennox International Inc (LII), which fell about 0.2%, Trane Technologies plc (TT) down 0.7%, and Whirlpool Corp (WHR) down 1.1%.

XHB’s current price is $57.20, positioned between its 52-week low of $51.23 and high of $86.61. The ETF’s performance can be further analyzed through its movement relative to the 200-day moving average.

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