ASHR: ETF Inflow Alert
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 24 2024
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Source: NASDAQ.COM
- Stock Analysis: ASHR's 52-week range is $21.56 to $28.72 per share, with the last trade at $24.59. It suggests a comparison of the share price to the 200-day moving average for technical analysis.
- Exchange Traded Funds (ETFs): ETFs are traded like stocks, where investors buy and sell "units." These units can be created or destroyed based on investor demand, affecting the underlying holdings of the ETF.
- Monitoring ETFs: Weekly monitoring of changes in shares outstanding data helps identify ETFs with notable inflows (new units created) or outflows (old units destroyed), impacting the ETF's components.
- Impact of Flows: Creation of new units requires purchasing underlying holdings, while destruction involves selling them. Large flows can influence the individual components held within ETFs.
- Disclaimer: The views expressed are those of the author and may not reflect those of Nasdaq, Inc.
Analyst Views on ASHR
Wall Street analysts forecast ASHR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ASHR 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: 33.690
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Current: 33.690
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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.
