Investors Boost ETF Units by 2.9% in a Week
This week, the iShares Russell 2000 ETF (Symbol: IWM) marked an impressive inflow of approximately $2.3 billion, resulting in a 2.9% increase in outstanding units. This change brought the total from 335,750,000 to 345,350,000. Notably, among IWM’s largest holdings, FTAI Aviation Ltd (Symbol: FTAI) declined by around 2.8%, Sprouts Farmers Market Inc (Symbol: SFM) fell by approximately 4.3%, and Insmed Inc (Symbol: INSM) saw a reduction of about 0.7%. To explore the complete list of holdings, visit the IWM Holdings page.
The chart below illustrates IWM’s one-year price performance compared to its 200-day moving average:
According to the chart, IWM’s lowest price over the past year reached $185.335 per share, while its peak was $244.98. The most recent trading price stood at $239.89, positioning it closer to its 52-week high. Analyzing the share price alongside the 200-day moving average can provide valuable insights into market trends.
Exchange-traded funds (ETFs) operate similarly to stocks, but investors trade “units” instead of shares. These units can be bought and sold like shares and can also be created or eliminated to reflect investor demand. Each week, we monitor changes in shares outstanding to identify ETFs experiencing notable inflows (indicating new units created) or outflows (indicating units removed). The creation of new units necessitates the purchase of the ETF’s underlying holdings, while the removal of units involves selling off those holdings. Therefore, significant inflows or outflows can influence individual components within the ETFs.
Click here to discover which 9 other ETFs reported 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.
