Key ETF Experiences Significant Growth This Week
This week, the iShares MSCI EAFE Value ETF (Symbol: EFV) has made headlines with an impressive inflow of approximately $290.2 million. This figure represents a 1.6% increase in outstanding units, rising from 357,600,000 to 363,200,000.
The following chart illustrates EFV’s price performance over the past year compared to its 200-day moving average:
Examining the chart, EFV’s low point over the past year was $50.28 per share, while the high reached $58.2501. Currently, the last trading price stands at $51.84. Analyzing the most recent share price in relation to the 200-day moving average provides insightful technical analysis.
Exchange-traded funds (ETFs) function similarly to stocks; however, investors buy and sell “units” instead of “shares.” These units can be traded just like stocks, and they can also be created or destroyed to meet investor demand. Each week, we identify changes in shares outstanding to highlight ETFs experiencing significant inflows (new unit creations) or outflows (deleted units). The creation of new units necessitates purchasing the underlying assets of the ETF, while unit destruction means selling those assets. Therefore, substantial financial movements can influence the individual components held within these ETFs.
Click here to discover which 9 other ETFs saw notable inflows »
Related Information:
- PRQR Average Annual Return
- Institutional Holders of GMAY
- RARE Shares Outstanding History
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
