Significant Withdrawals Observed in ETF for SSO, SCHW, ACN, ETN
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
52 Week Range Analysis: SSO's share price has a 52-week low of $60.84 and a high of $119.49, with the last trade recorded at $111.01.
200 Day Moving Average: The article suggests that comparing the current share price to the 200-day moving average can be a useful technical analysis tool.
ETFs Trading Mechanism: Exchange traded funds (ETFs) function similarly to stocks, where investors buy and sell "units" that can be created or destroyed based on demand.
Monitoring ETF Flows: The article highlights the importance of tracking week-over-week changes in shares outstanding for ETFs to identify significant inflows or outflows, which can affect the underlying holdings.
Analyst Views on SSO
Wall Street analysts forecast SSO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SSO 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.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 58.280
Low
Averages
High
Current: 58.280
Low
Averages
High
No data
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.
