Wanting at the moment at week-over-week shares excellent modifications among the many universe of ETFs coated at ETF Channel, one standout is the Invesco Dorsey Wright Momentum ETF (Image: PDP) the place we have now detected an approximate $269.3 million greenback influx — that is a 21.0% enhance week over week in excellent items (from 12,420,000 to fifteen,030,000). Among the many largest underlying parts of PDP, in buying and selling at the moment Targa Assets Corp (Image: TRGP) is up about 0.7%, Berkley Corp (Image: WRB) is down about 0.3%, and TransDigm Group Inc (Image: TDG) is up by about 0.4%. For a complete list of holdings, visit the PDP Holdings page »
The chart under exhibits the one 12 months worth efficiency of PDP, versus its 200 day shifting common:
Wanting on the chart above, PDP’s low level in its 52 week vary is $72.6822 per share, with $103.755 because the 52 week excessive level — that compares with a final commerce of $102.08. Evaluating the newest share worth to the 200 day shifting common may also be a helpful technical evaluation approach — learn more about the 200 day moving average ».
Change traded funds (ETFs) commerce identical to shares, however as a substitute of ”shares” traders are literally shopping for and promoting ”items”. These ”items” will be traded backwards and forwards identical to shares, however may also be created or destroyed to accommodate investor demand. Every week we monitor the week-over-week change in shares excellent information, to maintain a lookout for these ETFs experiencing notable inflows (many new items created) or outflows (many elderly items destroyed). Creation of latest items will imply the underlying holdings of the ETF should be bought, whereas destruction of items entails promoting underlying holdings, so massive flows also can impression the person parts held inside ETFs.
Click here to find out which 9 other ETFs had notable inflows »
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
