Looking at the latest data from ETF Channel, the iShares U.S. Technology ETF (Symbol: IYW) reports a significant outflow. Investors withdrew approximately $181.4 million, leading to a decrease of 0.9% in shares outstanding this week, dropping from 124,200,000 to 123,050,000. Major components within the ETF showed mixed performance: NVIDIA Corp (Symbol: NVDA) fell about 1.4%, Adobe Inc (Symbol: ADBE) saw a gain of about 0.7%, while International Business Machines Corp (Symbol: IBM) declined by 1%. For more information, visit the IYW Holdings page.
The accompanying chart illustrates IYW’s price performance over the past year compared to its 200-day moving average. The ETF’s low point was $102.3695 per share, whereas the high reached $158.97, with the most recent trading price at $157.55. Using the 200-day moving average can provide insights into trading trends—learn more about this analysis technique here.
Exchange-traded funds (ETFs) function like stocks; however, investors purchase and sell “units” rather than “shares.” This flexibility allows for the creation or destruction of units based on investor demand. Each week, we analyze changes in outstanding shares to identify ETFs with significant inflows (newly created units) or outflows (reduced units). When units are created, the ETF must buy its underlying assets, and when they are destroyed, it sells them. These flows can directly influence the assets held within the ETFs.
Click here to discover which 9 other ETFs saw notable outflows »
Also see:
• SEDA shares outstanding history
• Institutional Holders of XOP
• Paycom Software Technical Analysis
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
