Looking at recent data from ETF Channel, the iShares MSCI Emerging Markets ETF (Symbol: EEM) has seen a significant outflow of approximately $283.5 million, representing a 1.7% decline in shares outstanding from 404,550,000 to 397,800,000 this week. Within the ETF’s major holdings, Nu Holdings Ltd (Symbol: NU) has decreased by about 1.4%, Yum China Holdings Inc (Symbol: YUMC) is down around 2.3%, and CrediCorp Ltd. (Symbol: BAP) has fallen about 0.4%. For a full list of EEM’s holdings, visit the EEM Holdings page »
EEM has experienced a price range this year, reaching a low of $37.48 per share and a high of $47.44. The most recent trade price is $41.75. Comparing the current share price to the 200-day moving average can provide further insights into its performance — learn more about the 200-day moving average ».
Exchange-traded funds (ETFs) function like stocks, but investors buy and sell “units” instead of “shares.” These units can be traded similarly to stocks and can also be created or destroyed based on investor demand. Each week, we monitor changes in shares outstanding to identify ETFs experiencing significant inflows (new units created) or outflows (existing units destroyed). The creation of new units requires the purchase of the ETF’s underlying holdings, while the destruction of units involves selling those holdings, leading to potential impacts on the individual components within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
- PBSK market cap history
- Fortinet Technical Analysis
- CIGI Price Target
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
