Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Semiconductor ETF where we have detected an approximate $58.1 million dollar inflow — that’s a 19.7% increase week over week in outstanding units (from 9,370,937 to 11,220,937). Among the largest underlying components of SMH, in trading today Intel Corp is up about 0.6%, Taiwan Semiconductor Manufacturing Co., Ltd. is off about 1%, and Texas Instruments Inc. is lower by about 0.8%.
Looking at the chart above, SMH’s low point in its 52 week range is $29.21 per share, with $36.17 as the 52 week high point — that compares with a last trade of $31.32. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique.