iShares Core S&P Small-Cap ETF Sees $95.6 Million Outflow

Recognizing Changes in ETF Shares Outstanding

In the latest review of exchange-traded funds (ETFs) by ETF Channel, a significant change has been noted in the iShares Core S&P Small-Cap ETF (Symbol: IJR). The ETF experienced a week-over-week outflow of approximately $95.6 million, translating to a 0.1% reduction in shares outstanding, decreasing from 757,450,000 to 756,650,000.

Market Movement of Key Components

Today’s trading displayed mixed performance among some of IJR’s major holdings. Alaska Air Group, Inc. (Symbol: ALK) saw a slight decline of about 0.1%. In contrast, Glaukos Corp (Symbol: GKOS) registered a modest rise of approximately 0.4%, while VF Corp. (Symbol: VFC) dropped by about 2.8%. For further details on IJR’s full list of holdings, refer to the IJR Holdings page.

Price Performance and Technical Insights

The accompanying chart illustrates the one-year price trajectory of IJR in relation to its 200-day moving average. IJR’s recorded low over the past year stands at $101.85 per share, with the peak at $128.61. The most recent trading price is $119.67, which serves as a useful point when examining its longevity against the 200-day moving average, a common technical analysis tool.

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Understanding ETFs and Their Dynamics

Exchange-traded funds (ETFs) operate similarly to stocks. Instead of dealing with “shares,” investors are actually trading “units.” These units can be created or destroyed based on investor demand. Each week, we track changes in shares outstanding, highlighting ETFs that show significant inflows (with newly created units) or outflows (where old units are destroyed). Creation of units implies that the ETF must purchase its underlying assets, while destruction requires selling them. Thus, significant flows can affect the individual securities within the ETFs.

Click here to find out which 9 other ETFs experienced notable 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.