ETF Reports $418.1 Million Inflow, Boosting Total Outstanding Units
In the latest week, the iShares Russell 2000 ETF (Symbol: IWM) experienced a significant inflow of approximately $418.1 million. This marks a 0.6% increase in outstanding units, bringing the total from 312,200,000 to 314,050,000. Among its largest components, FTAI Aviation Ltd (Symbol: FTAI) has declined by about 2%. On the other hand, Vaxcyte Inc (Symbol: PCVX) and Insmed Inc (Symbol: INSM) have seen modest gains of approximately 0.6% and 1.1%, respectively. For a complete list of holdings, visit the IWM Holdings page »
The chart below illustrates IWM’s one-year price performance compared to its 200-day moving average:
According to the chart, IWM’s price has fluctuated between a low of $161.67 and a high of $228.63 over the past year. The last recorded trade was at $226.26, providing a useful point of comparison against the 200-day moving average, often employed in technical analysis to gauge price trends and momentum.
Exchange Traded Funds (ETFs) function similarly to stocks, but investors trade “units” instead of shares. These units can be bought and sold, and new units can be created or existing units destroyed based on investor demand. Each week, we keep track of changes in shares outstanding to identify ETFs with significant inflows—indicating new units being created—or outflows—where old units are removed. Creating new units generally requires purchasing the underlying assets of the ETF, while destroying units involves selling these assets, which can influence the individual stocks held within the ETFs.
Click here to find out which 9 other ETFs had notable inflows »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
