Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Proshares UltraShort Basic Materials (SMN - Get Report) where we have detected an approximate $11.0 million dollar outflow -- that's a 22.1% decrease week over week (from 1,015,969 to 790,969).The chart below shows the one year price performance of SMN, versus its 200 day moving average: Looking at the chart above, SMN's low point in its 52 week range is $47.17 per share, with $79.44 as the 52 week high point — that compares with a last trade of $48.22. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ». Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
More from Stocks
Dow Futures Drift Lower, Crude Pares Gains As Markets Gear for Fed Rate Decision
Global stocks edged lower again Tuesday, following one of the biggest single-day declines in oil prices on record, as investors adopted a cautious stance on risk ahead of the Federal Reserve's two-day rate-setting meeting and the start of formal U.S.-China trade talks later this week.
Why It's a Good Time to Consider Dividend-Paying Stocks
Mark Hulbert notes dividend-stock strategies may be out of favor, but these days, they can provide not only a higher yield but also growth potential.
Boeing, FedEx, Federal Reserve, WeWork, General Motors - 5 Things You Must Know
U.S. stock futures decline modestly and oil prices slip following one of the biggest single-day price jumps on record; investors adopt a cautious stance ahead of the Federal Reserve's two-day rate-setting meeting and the start of formal U.S.-China trade talks; FedEx, Adobe and Chewy report earnings.