F5 Networks is Now Oversold (FFIV) Friday, September 9, 4:32 PM ET, by Market News Video Staff Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
Short Interest Moves 15% Higher For AKAM Tuesday, September 13, 12:51 PM ET, by Market News Video Staff The most recent short interest data has been released for the 08/31/2016 settlement date, which ...
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 Rydex S&P 500 Equal Weight ETF (AMEX:RSP) where we have detected an approximate $31.7 million dollar inflow -- that's a 1.1% increase week over week in outstanding units (from 61,108,863 to 61,808,863). Among the largest underlying components of RSP, in trading today F5 Networks, Inc. (NASDAQ:FFIV) is off about 0.5%, Akamai Technologies Inc (NASDAQ:AKAM) is off about 1.1%, and Lennar Corp. (NYSE:LEN) is lower by about 2.2%. For a complete list of holdings, visit the RSP Holdings page »
The chart below shows the one year price performance of RSP, versus its 200 day moving average:
Looking at the chart above, RSP's low point in its 52 week range is $39.03 per share, with $52.33 as the 52 week high point — that compares with a last trade of $45.21. 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 ».
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