Significant Capital Withdrawals from COWZ ETF

COWZ ETF Sees Significant $630 Million Outflow This Week

Analyzing week-over-week changes in shares for various ETFs, the COWZ ETF (Symbol: COWZ) has emerged as a notable example. This fund has experienced an approximate $630 million outflow, reflecting a 2.9% decline in shares outstanding from 428,400,000 to 415,850,000.

The chart below illustrates COWZ’s price performance over the last year, compared to its 200-day moving average:

COWZ ETF 200 Day Moving Average Chart

COWZ’s 52-week range indicates a low of $46.64 per share and a high of $61.92. Currently, the trading price stands at $50.16. Analyzing the most recent price against the 200-day moving average proves valuable for technical analysis, allowing investors to inform their trading strategies further.

Exchange-traded funds (ETFs) operate similarly to stocks, but investors trade “units” instead of “shares.” These units are interchangeable in the market, but they can also be created or destroyed based on investor demand. Each week, we analyze changes in shares outstanding to identify ETFs experiencing notable inflows or outflows. When new units are created, it typically necessitates purchasing the underlying holdings of the ETF, while unit destruction entails selling those holdings. Significant flows can notably impact the individual components held within ETFs.

Click here to find out which 9 other ETFs experienced notable outflows »