Significant Inflows in iShares MSCI EAFE Small-Cap ETF This Week
In a noteworthy development for investors, the iShares MSCI EAFE Small-Cap ETF (Symbol: SCZ) has seen a hefty inflow of approximately $243.5 million. This marks a 2.6% week-over-week increase in outstanding units, rising from 140,400,000 to 144,000,000. Among SCZ’s top holdings, Millicom International Cellular SA (Symbol: TIGO) is up about 0.9%, ODDITY Tech Ltd (Symbol: ODD) has increased by approximately 2.4%, and Cellebrite DI Ltd (Symbol: CLBT) is also up by around 0.9%. For detailed information on its holdings, refer to the SCZ Holdings page.
The accompanying chart presents the one-year price performance of SCZ against its 200-day moving average:
In evaluating the chart, SCZ’s 52-week low is $56.64 per share, while the high is $68.325. The most recent trading price stands at $68.18, indicating its proximity to the high end. An assessment of the share price in relation to the 200-day moving average serves as a valuable technical analysis tool.
Exchange-Traded Funds (ETFs) operate similarly to stocks. However, instead of buying “shares,” investors are trading “units.” These units can fluctuate based on investor demand, and can be created or destroyed as necessary. Each week, we monitor changes in shares outstanding to identify ETFs with significant inflows (new units created) or outflows (existing units destroyed). The creation of new units requires the purchase of underlying holdings, while unit destruction involves the selling of these assets, potentially influencing the individual components within the ETF.
Click here to find out which 9 other ETFs experienced notable inflows.
Related Insights:
- Funds Holding FDS
- EBS Price Target
- Top Ten Hedge Funds Holding CRYP
The views and opinions expressed herein are solely those of the author and may not reflect those of Nasdaq, Inc.
