Vanguard Russell 2000 ETF Sees Significant Outflow
Recent data from ETF Channel reveals that the Vanguard Russell 2000 ETF (Symbol: VTWO) experienced a notable outflow of approximately $816.7 million. This translates to a 6.4% decrease in shares outstanding, dropping from 137,050,030 to 128,250,030. In today’s trading, several of VTWO’s major components reflected mixed performance. Sprouts Farmers Market Inc (Symbol: SFM) fell by about 0.7%, Insmed Inc (Symbol: INSM) decreased approximately 0.8%, while Credo Technology Group Holding Ltd (Symbol: CRDO) rose by around 2.5%. For a complete listing of VTWO’s holdings, visit the VTWO Holdings page.
VTWO Price Performance in Context
The chart below illustrates the one-year price performance of VTWO against its 200-day moving average:
Over the past year, VTWO reached a low of $77.3504 per share and a high of $99.12. The most recent trade settled at $92.86, which is valuable information when compared to the ETF’s 200-day moving average—an important analytical tool for investors.
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Exchange-traded funds (ETFs) function similarly to stocks, with investors buying and selling “units” instead of shares. These units can be traded freely, created, or destroyed to reflect investor demand. Each week, we analyze the changes in shares outstanding to identify ETFs with significant inflows or outflows. When new units are created, the ETF must purchase its underlying stocks, while the destruction of units means that stocks are sold off. Hence, large movements can influence the individual stocks held within ETFs.
Click here to discover which other ETFs experienced significant outflows »
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
