iShares Expanded Tech-Software Sector ETF Sees $224.8 Million Outflow

Analyzing week-over-week changes in shares outstanding for ETFs, the iShares Expanded Tech-Software Sector ETF (Symbol: IGV) stands out. This ETF experienced an outflow of approximately $224.8 million, marking a 1.9% decrease in shares outstanding (from 114,350,000 to 112,150,000).

Today, the largest underlying components of IGV include Cadence Design Systems Inc (Symbol: CDNS), which is down about 0.3%, Fortinet Inc (Symbol: FTNT), which is up by 1.2%, and Autodesk Inc (Symbol: ADSK), increasing by about 0.3%. For a complete list of holdings, refer to the IGV Holdings page.

The chart below illustrates IGV’s one-year price performance in relation to its 200-day moving average:

IGV’s 52-week low is $75.96 per share, while its high is $110.84. The latest trade price stands at $103.06. Comparing the current share price to the 200-day moving average can provide useful insights for technical analysis.

Exchange-traded funds (ETFs) operate similarly to stocks, with investors buying and selling “units” instead of “shares.” These units can be traded like stocks and can also be created or destroyed based on investor demand. Each week, we monitor changes in shares outstanding to identify ETFs with significant inflows (new units created) or outflows (old units destroyed). The creation of new units entails purchasing the ETF’s underlying holdings, while the destruction of units requires selling those holdings. Thus, large flows can also affect the individual components within ETFs.

Click here to discover 9 other ETFs that have seen notable outflows.

See also:

• Institutional Holders of CFGE
• Top Ten Hedge Funds Holding ENV
• Top Ten Hedge Funds Holding FMNY

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