The BOTZ ETF (Symbol: BOTZ) has received significant inflows, amounting to about $74.5 million or a 4.1% increase in outstanding units from 68,780,000 to 71,620,000 units. This information was gathered from the week-over-week shares outstanding changes among the ETF universe covered by ETF Channel. The chart below compares BOTZ’s one-year price performance to its 200-day moving average.
The chart indicates that BOTZ’s 52-week low is at $17.33 per share while its 52-week high is at $26.93 per share. The most recent share price is at $25.99. Analysts sometimes examine the most recent share price relative to the 200-day moving average to determine a possible price trend.
ETFs trade like stocks, where investors buy and sell “units.” Unit creations and destructions enable ETFs to adapt to investor demand. At ETF Channel, they monitor the week-over-week change in shares outstanding data to detect inflows or outflows. Inflows create new units and require the purchase of underlying holdings, while outflows destroy existing units and necessitate the selling of underlying holdings. Thus, substantial flows may influence the ETF’s individual components held within.
Click here to learn which nine other ETFs have notable inflows.
See also:
Funds Holding VCVC
Institutional Holders of GLHA
ETSY Options Chain
The opinions expressed are of the author and not necessarily that of Nasdaq, Inc.
