iShares Core S&P Mid-Cap ETF Sees $234.8 Million Outflow
In recent trading, the iShares Core S&P Mid-Cap ETF (Symbol: IJH) has experienced a significant decrease in shares outstanding. The ETF observed an outflow of approximately $234.8 million, reflecting a week-over-week decline of 0.3%, dropping from 1,527,250,000 to 1,523,150,000 shares. This change highlights the dynamic nature of ETF investments.
Performance of Key Holdings
Among IJH’s largest underlying components, notable performers include:
- Carlisle Companies Inc. (Symbol: CSL) – up about 1.3%
- DocuSign Inc (Symbol: DOCU) – up about 1.7%
- Fidelity National Financial Inc (Symbol: FNF) – up about 1.6%
For a complete list of holdings, please visit the IJH Holdings page. Below is the one-year price performance of IJH compared to its 200-day moving average:
Current Price Evaluation
According to the chart, IJH’s 52-week range shows a low point of $50.15 per share and a high of $68.33. The last recorded trade for IJH was $58.32. Analyzing this price in relation to the 200-day moving average can provide valuable insights into potential price movements.
Understanding ETF Trading Dynamics
Exchange-traded funds (ETFs) operate similarly to stocks, with investors buying and selling “units” rather than traditional shares. These units can be traded back and forth like stocks but can also be created or destroyed based on investor demand. Weekly monitoring of changes in shares outstanding helps identify ETFs with significant inflows—indicating new unit creation—or outflows—suggesting unit destruction. Such changes directly affect the underlying holdings within these ETFs.
Click here to find out which 9 other ETFs experienced notable outflows.
Additional Resources
- IPCM Options Chain
- Funds Holding VRTU
- Institutional Holders of MYMJ
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
