Notable Week-Over-Week Gains for AVUV
This week, the AVUV ETF (Symbol: AVUV) attracted an impressive inflow of approximately $297.2 million. This surge represents a 2.0% increase in outstanding units from 147,120,000 to 150,060,000.
The chart below illustrates AVUV’s price performance over the past year, alongside its 200-day moving average:
AVUV’s share price has fluctuated significantly over the year, with a low of $79.13 and a high of $105.349. Currently, the latest trade reflects a price of $101.70. By comparing this price to the 200-day moving average, investors gain insight into market trends, a common practice in technical analysis.
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Exchange-traded funds (ETFs) function like stocks, where investors buy and sell “units” instead of shares. These units can be both created and destroyed to match investor demand. Each week, we analyze changes in shares outstanding to identify ETFs with significant inflows or outflows. Increased unit creation indicates that the ETF must acquire more underlying holdings, whereas unit destruction involves selling off underlying assets. Consequently, large inflows can influence the performance of the individual assets within ETFs.
Click here to discover which 9 other ETFs experienced notable inflows »
Additional Resources:
- Historical Earnings
- Top Ten Hedge Funds Holding ATRM
- AEIS Shares Outstanding History
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
