In the latest week, the iShares MSCI Mexico ETF (Symbol: EWW) has made headlines due to a notable outflow of approximately $87.6 million, representing a 6.2% week-over-week decline. Shares outstanding dropped from 27,600,000 to 25,900,000.
The chart below illustrates the price performance of EWW over the past year in relation to its 200-day moving average:
According to the chart, EWW has a 52-week low of $50.78 per share, with a high of $71.12. The most recent trade price stands at $51.79. Analyzing the share price in comparison to the 200-day moving average can provide valuable insights for investors. To learn more about the 200-day moving average, click here.
Free Report: Top 8%+ Dividends (Paid Monthly)
Exchange-traded funds (ETFs) operate similarly to stocks, but instead of trading “shares,” investors buy and sell “units.” These units can be created or destroyed based on investor demand. Each week, we track the changes in shares outstanding to identify ETFs with significant inflows (more new units created) or outflows (more old units destroyed). When new units are created, the ETF must purchase its underlying holdings; conversely, if units are destroyed, those holdings must be sold. These large flows can influence the individual components held within each ETF.
Click here to discover which other 9 ETFs saw notable outflows »
Also see:
- NET shares outstanding history
- ETFs Holding EBIO
- DLPH Insider Buying
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
