Recently, the iShares MSCI Emerging Markets ex China ETF (Symbol: EMXC) reported a week-over-week outflow of approximately $127.3 million. This decline equates to a 0.8% decrease in shares outstanding, dropping from 279,400,000 to 277,200,000. Presently, among the top components within EMXC, Nu Holdings Ltd (Symbol: NU) has decreased by about 0.5%, while CrediCorp Ltd. (Symbol: BAP) has risen by roughly 0.4%, and Southern Copper Corp (Symbol: SCCO) is up about 0.6%. For details on all holdings, check out the EMXC Holdings page.
The chart illustrates EMXC’s price performance over the past year, contrasting it with its 200-day moving average. The ETF’s price has a 52-week range, with a low at $52.1581 and a high at $63.17, while its most recent trade stands at $57.87. Analyzing the most recent share price against the 200-day moving average can provide valuable technical insights.
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ETFs function similarly to stocks, with investors buying and selling “units” instead of shares. These units can be exchanged just like stocks, but they can also be created or destroyed based on investor demand. Each week, we track the changes in shares outstanding to identify ETFs with significant inflow (new units created) or outflow (units destroyed). The creation of new units necessitates purchasing the underlying holdings of the ETF, while unit destruction involves selling those holdings, which can affect the individual components of the ETFs significantly.
Click here to find out which 9 other ETFs experienced notable outflows »
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
