$139.9 Million Outflow Detected for COWZ ETF This Week

In the latest analysis of week-over-week changes in shares outstanding among ETFs, the COWZ ETF (Symbol: COWZ) saw a notable outflow of approximately $139.9 million. This represents a decrease of 0.6% from 398,800,000 shares to 396,250,000 shares.

The chart below illustrates the one-year price performance of COWZ in relation to its 200-day moving average:

According to the chart, COWZ reached a low of $46.64 per share and a high of $61.92 over the past year. The most recent trading price sits at $54.94. Comparing this price to the 200-day moving average can be an effective technical analysis approach.

Exchange-Traded Funds (ETFs): Understanding Their Dynamics

ETFs function similarly to stocks, but investors buy and sell “units” instead of “shares.” These units can be traded like stocks and can also be created or destroyed based on investor demand. Each week, we monitor changes in shares outstanding to identify ETFs with significant inflows (new units created) or outflows (units destroyed). The creation of new units generally requires purchasing the underlying assets, while unit destruction involves selling those holdings. Consequently, significant inflows or outflows can influence the performance of the ETF’s individual components.

For more insights, click here to explore which nine other ETFs have also experienced notable outflows.

Related Information:

• Institutional Holders of IMRN
• HODL Options Chain
• MN Options Chain

The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.