Metal and Mining Stocks Catch A Bid Friday, August 27, 2:38 PM ET, by Market News Video Staff In Friday afternoon trading, the SPDR S&P Metals and Mining ETF (XME) is trading higher ...
Chile, Thailand, Brazil and Junior Gold Are Winners Wednesday, September 15, 11:49 AM ET, by Market News Video Staff The iShares MSCI Chile Investable Market Index Fund (ECH), an ETF that gauges the equities ...
UDR Inc. and Marsh & McLennan Both Increase Dividends Wednesday, September 15, 1:54 PM ET, by Market News Video Staff This morning, Marsh & Mclennan Companies Incorporated (MMC) announced its quarterly dividend of 21 cents ...
Negative Reports on AK Steel and US Steel Impact XME Wednesday, October 27, 11:11 AM ET, by Market News Video Staff The SPDR S&P Metals and Mining ETF (XME) is struggling this morning following downgrades to ...
By Market News Video Staff, Wednesday, August 17, 11:01 AM ET
Symbols mentioned in this story: XME, ANV, RGLD, NEM
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 S&P Metals and Mining ETF (AMEX:XME) where we have detected an approximate $59.8 million dollar outflow -- that's a 6.1% decrease week over week (from 17,300,230 to 16,250,230). Among the largest underlying components of XME, in trading today Allied Nevada Gold Corporation (AMEX:ANV) is up about 2.2%, Royal Gold Incorporated (NASDAQ:RGLD) is up about 0.8%, and Newmont Mining Corporation (NYSE:NEM) is higher by about 1.5%. For a complete list of holdings, visit the XME Holdings page »
The chart below shows the one year price performance of XME, versus its 200 day moving average:
Looking at the chart above, XME's low point in its 52 week range is $45.91 per share, with $77.44 as the 52 week high point — that compares with a last trade of $57.97. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors —
anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset
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