Significant Inflows for The Communication Services Select Sector SPDR Fund (XLC)

Investors show strong interest with $192.2 million inflow this week

This week, The Communication Services Select Sector SPDR Fund (Symbol: XLC) has caught attention for its substantial inflow of approximately $192.2 million. This marks a 1.0% increase in the number of outstanding units, rising from 200,600,000 to 202,600,000 units. Among the major companies within XLC, Take-Two Interactive Software, Inc. (Symbol: TTWO) has seen a modest increase of about 0.6%. In contrast, Charter Communications Inc (Symbol: CHTR) and Electronic Arts, Inc. (Symbol: EA) each experienced slight declines of 0.1%. For more details on its holdings, you can check the XLC Holdings page.

The chart below illustrates the one-year price performance of XLC in relation to its 200-day moving average:

According to the chart, XLC’s 52-week price range shows a low of $68.51 per share and a high of $97.62. The recent trade price is $95.76, which is helpful to compare against the 200-day moving average for further technical analysis opportunities.

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Exchange traded funds (ETFs) function similarly to stocks, but investors buy and sell “units” instead of “shares”. These units can be traded like stocks, but they are also created or destroyed based on market demand. Each week, we closely observe changes in shares outstanding to identify ETFs experiencing significant inflows (new units created) or outflows (units being taken away). An increase in units means that the ETF must purchase additional underlying assets, while a decrease necessitates selling. Consequently, these large movements can affect the individual stocks included in the ETFs.

Click here to discover which 9 other ETFs had noteworthy inflows »

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