SPDR EURO STOXX 50 ETF Sees Significant Outflow of $117.9 Million
Looking at the latest data from ETF Channel, the SPDR EURO STOXX 50 ETF (Symbol: FEZ) has experienced a noteworthy outflow of approximately $117.9 million. This equals a 3.4% drop in shares outstanding, decreasing from 68,250,967 to 65,900,967 over the week.
Among the main holdings in FEZ, ASML Holding NV (Symbol: ASML) has risen by 0.5%, SAP SE (Symbol: SAP) has increased by 0.3%, while Moelis & Company Class A (Symbol: MC) has decreased by 1.5%. For a full list of current holdings, visit the FEZ Holdings page.
The chart above illustrates FEZ’s performance over the past year, including its relationship with the 200-day moving average. Notably, the ETF hit a low of $45.435 per share within the last year, while its peak reached $54.16. The most recent trade was $49.84, offering a valuable snapshot for technical analysis.
Exchange-traded funds (ETFs) function similarly to stocks, where investors buy and sell “units” rather than shares. These units can be traded just like stocks and can also be created or destroyed based on investor interest. Every week, we track changes in shares outstanding to identify ETFs with significant inflows (new units) or outflows (old units). When new units are created, the ETF’s underlying holdings are purchased, whereas destruction of units means selling those holdings. Thus, large inflows and outflows can affect the individual components within the ETFs.
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 the views of Nasdaq, Inc.
