SPIB: Large Inflows Detected at ETF
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 09 2024
0mins
Source: NASDAQ.COM
- Stock Price Analysis: SPIB's 52-week range is between $30.89 and $32.97 per share, with the last trade at $32.37. Comparing the current share price to the 200-day moving average is a useful technical analysis technique.
- Exchange Traded Funds (ETFs): ETFs trade like stocks, where investors buy and sell "units." These units can be traded back and forth or created/destroyed based on investor demand, impacting underlying holdings.
- Monitoring ETFs: Weekly monitoring of changes in shares outstanding data helps identify ETFs with notable inflows (many new units created) or outflows (many old units destroyed), affecting the ETF components.
- Notable Inflows: The article mentions 9 other ETFs with significant inflows, indicating increased creation of new units and potential impact on underlying holdings.
- Disclaimer: The views expressed are of the author and may not reflect those of Nasdaq, Inc.
Analyst Views on SPIB
Wall Street analysts forecast SPIB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SPIB 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: 33.850
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Current: 33.850
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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.
