The COWZ ETF (Symbol: COWZ) has reported an outflow of approximately $289.5 million, reflecting a 1.4% decrease in shares outstanding, from 410,450,000 to 404,850,000 week-over-week. This trend was noted in the latest weekly data from ETF Channel.
Over the past year, COWZ has seen a price range between $46.64 and $61.92 per share, with its last trade recorded at $52.39. This data provides insight into the fund’s performance relative to its 200-day moving average.
ETFs trade like stocks, where units are bought and sold according to investor demand. Large outflows can indicate a need to sell underlying holdings, which can affect the ETF’s constituent components significantly.
