Significant Inflow Boosts CGDV ETF Shares Outstanding
CGDV Sees Major Gain in Investor Interest
Today, we observed noteworthy activity among ETFs, particularly with the CGDV ETF (Symbol: CGDV). The fund experienced an impressive inflow of approximately $321.7 million, which translates to a 2.9% week-over-week increase in outstanding units, rising from 302,900,000 to 311,700,000.
The chart below illustrates CGDV’s price performance over the past year compared to its 200-day moving average:
CGDV’s 52-week range shows a low of $25.47 per share and a high of $36.875, with the most recent trade at $36.87. Observing the current share price in relation to the 200-day moving average serves as a valuable analysis method—learn more about the 200-day moving average here.
Exchange-traded funds (ETFs) operate similarly to stocks; however, investors trade “units” instead of “shares.” These units can be bought and sold like stocks, and investors can create or destroy them based on demand. Each week, we track the week-over-week changes in shares outstanding to identify ETFs that see significant inflows or outflows. Creating new units requires purchasing the underlying assets of the ETF, while destroying units involves selling those assets. Hence, large inflows or outflows can also affect the individual components held in these ETFs.
Click here to discover which 9 other ETFs experienced notable inflows.
Additional Information:
- Average Annual Return
- GSVC YTD Return
- LJAQ Shares Outstanding History
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
