Significant Outflow Hits iShares U.S. Home Construction ETF

ETFs Experience Fluctuations as Construction Sector Reflects Investor Sentiment

In the latest week, noteworthy changes in shares outstanding have appeared in various ETFs, particularly the iShares U.S. Home Construction ETF (Symbol: ITB). This fund has faced an outflow of approximately $1.0 billion, marking a significant 28.1% drop in shares outstanding, from 35,250,000 to 25,350,000.

Within ITB, some of the major components have seen varied trading performances. Horton Inc (Symbol: DHI) reports a slight gain of about 0.1%, while NVR Inc. (Symbol: NVR) has slipped by approximately 0.6%, and PulteGroup Inc (Symbol: PHM) is down about 0.8%. For a complete overview of holdings, check the ITB Holdings page.

The chart below illustrates ITB’s price performance over the past year compared to its 200-day moving average:

According to the chart, ITB has reached a low of $96.97 and a high of $129.89 over the past 52 weeks. The most recent trading price is $102.64. This information can offer insights when comparing the latest share price to the 200-day moving average, an important technical analysis tool.

Exchange-traded funds (ETFs) operate similarly to stocks. When investors buy and sell ETFs, they trade “units” instead of “shares.” These units can easily be traded, created, or destroyed based on investor demand. Our weekly analysis of outstanding shares helps spotlight ETFs with notable inflows (new units created) or outflows (old units destroyed). Creating new units requires purchasing the underlying assets, while destroying units entails selling those assets; thus, significant flows can influence individual components within ETFs.

Click here to see which other 9 ETFs experienced significant outflows »

Also see:

• NIO Stock Predictions
• Funds Holding TDVI
• BBCP Shares Outstanding History

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