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 Homebuilders ETF (XHB) where we have detected an approximate $52.2 million dollar outflow — that’s a 8.0% decrease week over week (from 18,650,016 to 17,150,016). Among the largest underlying components of XHB, in trading today Whirlpool Corp (WHR) is down about 2.9%, PulteGroup Inc (PHM) is down about 2.6%, and Johnson Controls International plc (JCI) is lower by about 0.9%.
XHB’s low point in its 52-week range is $31.82 per share, with $47.20 as the 52-week high point — that compares with a last trade of $34.20. Comparing the most recent share price to the 200-day moving average can also be a useful technical analysis technique
The SPDR S&P Homebuilders ETF (XHB) was trading at $35.45 per share on Wednesday afternoon, up $0.62 (+1.78%). Year-to-date, XHB has declined -19.75%, versus a 2.78% rise in the benchmark S&P 500 index during the same period.
This article is brought to you courtesy of ETF Channel.