From Nasdaq:

The Technology Select Sector SPDR Fund (XLK) experienced a $239.3 million outflow, a 0.4% decrease week over week. Advanced Micro Devices Inc (AMD) rose by 2.7%, Accenture plc (ACN) by 0.3%, and Cisco Systems Inc (CSCO) by 0.2%. XLK’s low point in its 52 week range is $120.81 per share, with $193.72 as the 52 week high point — that compares with a last trade of $185.23.

Exchange traded funds (ETFs) trade just like stocks — investors buy and sell “units”. “Units” can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units means the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings.

Moreover, each week the ETF Channel monitors the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows or outflows. Outflows impact the individual components held within ETFs. The Technology Select Sector SPDR Fund (XLK) had a 0.4% decrease week over week.

The Technology Select Sector SPDR Fund (XLK) has detected an approximate $239.3 million dollar outflow, representing a 0.4% decrease week over week. Advanced Micro Devices Inc (AMD) is up about 2.7%, Accenture plc (ACN) is up about 0.3%, and Cisco Systems Inc (CSCO) is up by about 0.2%. The chart below shows the one year price performance of XLK, versus its 200 day moving average.



Read more: XLK, AMD, ACN, CSCO: ETF Outflow Alert