The iShares MSCI USA Momentum Factor ETF (MTUM) experienced a significant outflow of approximately $241.8 million, marking a 1.4% decrease in shares outstanding from 73,950,000 to 72,900,000 in the past week. This change was reported today.
Key underlying components of MTUM include Tesla Inc (TSLA), which is up about 1.5%, Boston Scientific Corp. (BSX) rising 2.3%, and RTX Corp (RTX) increasing by 0.6%. MTUM’s share price is currently at $232.90, with a 52-week range of $168.49 to $234.78.
The ETF’s performance can also be compared to its 200-day moving average, which may aid in technical analysis.
