COWZ ETF Reports Notable Weekly Outflows of $160.9 Million

In a review of week-over-week changes in shares outstanding for ETFs, the COWZ ETF (Symbol: COWZ) stands out with a significant outflow of approximately $160.9 million. This amounts to a 0.8% decrease in shares from 431,700,000 to 428,400,000.

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

According to the chart, COWZ reached a low of $47.01 per share in its 52-week range, while the high was $61.92. The most recent trade price stands at $49.90. Analyzing the latest share price in relation to its 200-day moving average can be a valuable technical analysis strategy. To learn more about this method, visit here.

Exchange-traded funds (ETFs) operate similarly to stocks, but instead of buying ‘shares,’ investors acquire ‘units.’ These units can be traded just like stocks and may also be created or destroyed to match investor demand. Each week, we examine changes in shares outstanding to identify ETFs with notable inflows or outflows. When new units are created, the underlying assets of the ETF must be purchased, whereas when units are destroyed, those assets are sold. Thus, significant outflows or inflows can impact the individual components held within the ETFs.

Click here to find out which 9 other ETFs experienced notable outflows.

Also see:

• Dividend Paying Stocks
• XLK Average Annual Return
• TRGT Options Chain

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