Small Cap ETF sees large Inflow

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February 15, 2019 3:40pm ETF BASIC NEWS

ETF BASIC NEWS | News, Ratings, and Charts

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 SPDR Portfolio Small Cap ETF (SPSM) where we have detected an approximate $73.0 million dollar inflow — that’s a 5.5% increase week over week in outstanding units (from 43,650,000 to 46,050,000). Among the largest underlying components of SPSM, in trading today Mr Cooper Group Inc (COOP) is up about 1.5%, Coupa Software Inc (COUP) is up about 0.4%, and Teradata Corp (TDC) is up by about 0.5%. For a complete list of holdings, visit the SPSM Holdings page »

The SPDR Portfolio Small Cap ETF (SPSM) was trading at $30.80 per share on Friday afternoon, up $0.38 (+1.25%). Year-to-date, SPSM has gained 2.33%, versus a 4.10% rise in the benchmark S&P 500 index during the same period.

SPSM currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #8 of 41 ETFs in the Small Cap Blend ETFs category.

This article is brought to you courtesy of ETF Channel.

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