Notable ETF Outflow Detected - AAXJ, PDD, TME, HTHT
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 12 2024
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Source: NASDAQ.COM
- AAXJ Stock Analysis: AAXJ's 52-week range is from $60.9164 to $70.63 per share, with the last trade at $67.00. Comparing the share price to the 200-day moving average is a useful technical analysis technique.
- ETF Trading: Exchange traded funds (ETFs) are like stocks but involve buying and selling "units." These units can be traded like stocks and created or destroyed based on investor demand.
- Monitoring ETFs: Weekly monitoring of changes in shares outstanding data helps track ETFs with notable inflows (new units created) or outflows (old units destroyed), impacting the underlying holdings.
- Notable Outflows: Information on 9 other ETFs that experienced notable outflows is available for further exploration.
- Disclaimer: The views and opinions expressed in the content belong to the author and may not reflect those of Nasdaq, Inc.
Analyst Views on AAXJ
Wall Street analysts forecast AAXJ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AAXJ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 98.930
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Current: 98.930
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
