Examining recent data from ETF Channel, the iShares MSCI South Korea ETF (Symbol: EWY) has experienced a significant outflow of approximately $91.8 million. This corresponds to a 2.2% reduction in shares outstanding, decreasing from 74,200,000 to 72,600,000 over the past week.
The chart below illustrates EWY’s performance over the past year in relation to its 200-day moving average:
Over the last year, EWY’s share price has ranged from a low of $55.685 to a high of $69.515, with the latest trading price at $57.84. Comparing this to the 200-day moving average can provide insights into the ETF’s performance trends.
ETFs, or exchange-traded funds, operate similarly to stocks. However, instead of buying and selling traditional ”shares,” investors trade ”units.” These units can be adjusted to meet demand; new units can be created or existing ones destroyed. We monitor these changes weekly to identify ETFs that are seeing significant inflows or outflows. When new units are created, it requires purchasing the underlying assets, while destroying units involves selling them, which can influence the ETF’s component stocks.
Click here to discover 9 other ETFs with significant outflows »
Additional Information:
- DWM market cap history
- Top Ten Hedge Funds Holding SYRS
- PMNA Historical Stock Prices
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
