Notable ETF outflow detected for SPYG, AMD, INTU, NOW

From Nasdaq: 2024-08-05 10:48:06

Last week saw the SPDR Portfolio S&P 500 Growth ETF (SPYG) experiencing a $520.0 million dollar outflow, representing a 1.9% decrease in shares outstanding. In trading, Advanced Micro Devices Inc is up 0.8%, Intuit Inc is down 3.3%, and ServiceNow Inc is lower by 1.8%.

The one-year price performance chart of SPYG against its 200-day moving average shows a range from $56.78 to $84.158 per share, with the last trade at $72.89. Comparing the share price to the 200-day moving average is a useful technical analysis technique.

Exchange-traded funds (ETFs) trade like stocks with units bought and sold by investors. Weekly monitoring of shares outstanding changes helps track ETFs with notable inflows (many new units created) or outflows (many old units destroyed), impacting the underlying holdings.

Find out which other 9 ETFs experienced significant outflows and explore stock predictions, historical stock prices, and market cap history through related links. Note that views expressed are the author’s and do not necessarily reflect Nasdaq, Inc.



Read more at Nasdaq: Notable ETF Outflow Detected – SPYG, AMD, INTU, NOW