Investors Pump $255.8 Million into EWT, Signaling Strong Demand
Recent data from ETF Channel reveals a significant interest in the iShares MSCI Taiwan ETF (Symbol: EWT), with a hefty inflow of approximately $255.8 million. This influx marks a 4.7% rise in outstanding units, moving from 99,000,000 to 103,700,000 week over week.
The chart below illustrates the one-year price performance of EWT compared to its 200-day moving average:
In examining the chart, EWT’s share price has fluctuated between a low of $42.125 and a high of $57.69 over the past year. Currently, the last recorded trade sits at $54.83. Investors often compare the latest share price with the 200-day moving average for deeper technical insights—learn more about the 200-day moving average.
Exchange-traded funds (ETFs) function similarly to stocks, but instead of trading “shares,” investors buy and sell “units.” These units can be created or destroyed based on investor demand. Our weekly monitoring tracks changes in shares outstanding to identify ETFs with significant inflows or outflows. When new units are created, the ETF must acquire corresponding underlying holdings, whereas unit destruction necessitates selling those holdings, which can affect the individual assets held within the ETF.
Click here to discover 9 other ETFs with notable inflows »
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
