XOP, MHR, OAS, AREX: ETF Inflow Alert

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P Oil & Gas Exploration & Production ETF ( XOP) where we have detected an approximate $74.6 million dollar inflow -- that's a 7.9% increase week over week in outstanding units (from 13,350,000 to 14,400,000). Among the largest underlying components of XOP, in trading today Magnum Hunter Resources Corp ( MHR) is up about 0.8%, Oasis Petroleum Inc. ( OAS) is up about 1%, and Approach Resources Inc ( AREX) is higher by about 1.6%. For a complete list of holdings, visit the XOP Holdings page »

START SLIDESHOW:
Click here to find out which 9 other ETFs had notable inflows »

The chart below shows the one year price performance of XOP, versus its 200 day moving average:

SPDR S&P Oil & Gas Exploration & Production ETF 200 Day Moving Average Chart

Looking at the chart above, XOP's low point in its 52 week range is $50.05 per share, with $71.40 as the 52 week high point — that compares with a last trade of $71.22. 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.

null

If you liked this article you might like

These Energy ETFs Are Primed for Gains as Sector Stocks Lag Recent Crude Move

Trader's Daily Notebook: Strong Bull Depends on Which End You're Dealing With

With OPEC Looking to Expand Production Curbs, Oil Investors Are Hopeful That Prices Have Stabilized

3 Independent Energy Stocks That Are Ready to Rock

Energy E&Ps Sit Between Heaven and Hell