Notable inflow into RSP ETF but top components MHK, CHTR, and TSLA dropped

From Nasdaq: 2024-08-02 11:16:55

Invesco S&P 500 Equal Weight ETF (RSP) saw a $894.3 million inflow, a 1.5% increase in outstanding units. Among top components, Mohawk Industries (MHK) dropped 4%, Charter Communications (CHTR) fell 1.7%, and Tesla (TSLA) declined 1.8%. Check RSP Holdings for more details.

RSP’s one-year price performance compared to its 200-day moving average shows a range of $133.34 to $173.08 per share, with a recent trade at $166.15. Analyzing the share price against the 200-day moving average provides valuable technical insights.

ETFs, like stocks, trade in units that can be created or destroyed to meet investor demand. Monitoring week-over-week changes in shares outstanding data reveals significant inflows or outflows, impacting underlying holdings. Notable inflows can lead to the purchase of underlying assets, while outflows involve selling these assets.

For more ETFs with significant inflows and other related information, visit ETF Channel’s website. Check out other resources like Institutional Holders of XE and TOK market capitalization history for further insights.



Read more at Nasdaq: Notable ETF Inflow Detected – RSP, MHK, CHTR, TSLA