ARKK, COIN, ROKU, ZM: Large Outflows Detected at ETF

From Nasdaq, Inc.:

The ARK Innovation ETF (Symbol: ARKK) saw a $117.2 million outflow, a 1.5% decrease week over week from 170,300,000 to 167,800,000 shares outstanding. Coinbase Global Inc (COIN) is up 0.8%, Roku Inc (ROKU) is down 0.2%, and Zoom Video Communications Inc (ZM) is down 2% today.

ARKK’s 52 week range is $33.76 – $54.52. Last trade was at $46.67 per share. The ETF’s one year price performance is compared to its 200 day moving average, a useful technical analysis technique which tracks the average stock price over 200 days.

Investors can buy and sell ETF “units” like stocks, with units created or destroyed to meet demand. Weekly changes in shares outstanding data for ETFs are monitored for notable inflows and outflows, which can impact the individual components held within ETFs.

For a list of 9 other ETFs experiencing notable outflows and more info on ETFs, visit the ETF Channel link: https://www.etfchannel.com/



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