Strong Inflow for Consumer Discretionary ETFs: A Closer Look at XLY
Increased Units and Key Performers in the Sector
In the latest analysis from ETF Channel, significant changes have been noted in the shares outstanding of various ETFs. A particular highlight is The Consumer Discretionary Select Sector SPDR Fund (Symbol: XLY), which saw an impressive inflow of approximately $495.1 million. This resulted in a 2.3% rise in outstanding units, increasing from 100,953,252 to 103,253,252 over the past week. Notable components within XLY include Booking Holdings Inc (Symbol: BKNG), down about 0.6%, TJX Companies (Symbol: TJX), down 0.1%, and O’Reilly Automotive, Inc. (Symbol: ORLY), lower by approximately 0.4%. Refer to the XLY Holdings page for the complete list of holdings.
The chart below displays the one-year price performance of XLY, alongside its 200-day moving average:
XLY’s price history reveals a 52-week low of $165.30 and a high of $220.39. Currently, the last trade stands at $213.52. Comparing the recent share price to the 200-day moving average offers valuable insights for technical analysis.
Exchange-traded funds (ETFs) function similarly to stocks but involve trading “units” instead of shares. These units can be exchanged like stocks or adjusted to meet investor demand. By monitoring weekly changes in shares outstanding, we can identify ETFs with significant inflows (more units created) or outflows (units reduced). A rise in unit creation necessitates purchasing the ETF’s underlying holdings, while a decrease means selling those holdings. Consequently, these large flows can influence the individual components within the ETFs.
Discover which 9 other ETFs experienced notable inflows here »
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
