Semiconductor ETF sees large Inflow

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February 15, 2019 3:49pm NYSE:SMH

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From ETF Channel: 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.


Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Semiconductor ETF (SMH) where we have detected an approximate $61.2 million dollar inflow — that’s a 6.7% increase week over week in outstanding units (from 9,020,937 to 9,620,937). Among the largest underlying components of SMH, in trading today Intel Corp (INTC) is up about 1.3%, Taiwan Semiconductor Manufacturing Co., Ltd. (TSM) is up about 0.4%, and Xilinx, Inc. (XLNX) is higher by about 0.4%.


The VanEck Vectors Semiconductor ETF (SMH) was trading at $102.33 per share on Friday afternoon, up $0.30 (+0.29%). Year-to-date, SMH has gained 4.62%, versus a 4.05% rise in the benchmark S&P 500 index during the same period.

SMH currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #16 of 68 ETFs in the Technology Equities ETFs category.


This article is brought to you courtesy of ETF Channel.


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