Looking at week-over-week changes in shares outstanding among the ETFs covered at ETF Channel, one standout is the SGOV ETF (Symbol: SGOV). We have detected an approximate $532.2 million inflow, representing a 4.3% increase in outstanding units week over week—from 122,600,000 to 127,900,000 units.
The chart below illustrates the one-year price performance of SGOV compared to its 200-day moving average. SGOV’s 52-week range shows a low point of $99.96 per share and a high point of $100.64, with the last trade recorded at $100.42.
Comparing the most recent share price to the 200-day moving average is a useful technical analysis technique. [Learn more about the 200-day moving average »]
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Exchange Traded Funds (ETFs) trade just like stocks, but instead of “shares,” investors buy and sell “units.” These units can be traded back and forth like stocks but can also be created or destroyed to meet investor demand.
Each week, we monitor the week-over-week change in shares outstanding to identify ETFs experiencing notable inflows (many new units created) or outflows (many units destroyed). When new units are created, the ETF’s underlying holdings must be purchased. Conversely, destroying units involves selling the underlying holdings. Therefore, large flows can impact the individual components held within ETFs.
[Click here to find out which 9 other ETFs had notable inflows »]
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**Also see:**
– Funds Holding DERM
– Institutional Holders of FNGG
– Funds Holding CSML
*The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.*
https://www.nasdaq.com/articles/notable-etf-inflow-detected-sgov-1
