iShares MSCI EAFE Min Vol Factor ETF Sees Significant Outflow

In a recent analysis of ETFs, the iShares MSCI EAFE Min Vol Factor ETF (Symbol: EFAV) has emerged notable due to a significant financial shift. The ETF experienced an approximate $106.7 million outflow, equating to a 2.0% decrease week over week, dropping its shares outstanding from 66,300,000 to 65,000,000.

Price Performance Overview

The chart below illustrates EFAV’s one-year price performance alongside its 200-day moving average:

Considering the chart, EFAV’s share price reached a low of $68.56 and a high of $83.675 over the past 52 weeks. Its most recent trading price stands at $82.33. Evaluating the current share price against the 200-day moving average can provide valuable insights for technical analysis.

Understanding ETF Dynamics

Exchange-traded funds (ETFs) function similarly to stocks, with investors buying and selling “units” rather than shares. These units are traded back and forth, and can also be created or destroyed to meet investor demand. Each week, we monitor fluctuations in shares outstanding to identify ETFs with notable inflows or outflows. The creation of new units requires the purchase of underlying holdings, whereas the destruction of units necessitates selling these holdings. Thus, large inflows or outflows can impact the individual assets within ETFs.

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

Additional Information:

• Earnings Calendar
• Institutional Holders of TCOM
• Institutional Holders of QHC

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