SPDR S&P Aerospace & Defense ETF Sees $251 Million Outflow
Analyzing the week-over-week changes in shares outstanding for Exchange-Traded Funds (ETFs), the SPDR S&P Aerospace & Defense ETF (Symbol: XAR) stands out with a significant outflow of approximately $251.0 million. This represents an 8.8% decrease from the previous week, bringing shares down from 17,675,000 to 16,125,000.
Performance of Major Holdings
Among the ETF’s notable components, Archer Aviation Inc (Symbol: ACHR) has increased by about 1.1%. Meanwhile, Boeing Co. (Symbol: BA) trades flat, and Kratos Defense & Security Solutions, Inc. (Symbol: KTOS) is up approximately 1.2%. For further details on holdings, visit the XAR Holdings page.
Price Performance vs. Moving Average
Let’s examine the one-year price performance of XAR, illustrated in the chart below, which also shows its relationship to the 200-day moving average:
XAR reached a low of $131.7798 per share in its 52-week range, while its high was $181.385. The most recent trade recorded a price of $161.75. Analyzing the current price against the 200-day moving average can serve as a valuable technical analysis tool. To learn more, check out the 200-day moving average resource.
Understanding ETFs
ETFs operate similarly to stocks, but investors trade “units” rather than shares. These units can be bought and sold like stocks, but they also can be created or destroyed based on investor demand. We monitor these week-over-week changes in shares outstanding to identify ETFs that experience significant inflows or outflows. When new units are created, the underlying ETF holdings must be purchased. Conversely, when units are destroyed, underlying holdings may need to be sold, impacting individual components held within these ETFs.
Click here to discover which nine other ETFs have experienced notable outflows.
Additional Resources:
The views and opinions expressed herein are solely those of the author and do not necessarily reflect those of Nasdaq, Inc.
