Looking today at notable week-over-week stock changes among the universe of ETFs covered on ETF Channel, one that stands out is the iShares TIPS Bond ETF (Symbol: TIP) where we’ve spotted an approximate outflow of $221.8 million, that it is a 0.8% decrease week over week (from 258,600,000 to 256,500,000). The chart below shows TIP’s 1-year price performance compared to its 200-day moving average:
Looking at the chart above, TIP’s low point in its 52-week range is $105.11 per share, with $131.37 the 52-week high, which compares with a last trade of $105.24. Comparing the most recent stock price to the 200-day moving average can also be a useful technical analysis technique – learn more about the 200-day moving average”.
Free report: Top 7%+ Dividends (monthly payment)
Exchange-traded funds (ETFs) are traded like stocks, but instead of “shares,” investors are actually buying and selling “units.” These “units” can be traded back and forth like shares, but can also be created or destroyed to suit investor demand. Each week we monitor the week-over-week change in outstanding stock data, keeping an eye out for those ETFs that experience notable inflows (many new units created) or outflows (many old units destroyed). The creation of new units will mean the need to buy the underlying holdings of the ETF, while the destruction of units implies the sale of the underlying holdings, so large flows can also affect the individual components held within the ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Source: news.google.com