iShares MSCI Germany ETF Sees Significant Inflow of $194.8 Million
Examining the latest week-over-week changes in shares outstanding among various ETFs, the iShares MSCI Germany ETF (Symbol: EWG) stands out with a substantial inflow of approximately $194.8 million. This marks an 8.5% increase in outstanding units, rising from 56,400,000 to 61,200,000.
The chart below illustrates the one-year price performance of EWG compared to its 200-day moving average:
In the 52-week range, EWG recorded a low of $29.275 per share and a high of $40.865. The most recent trade closed at $40.56. Analyzing the recent share price alongside the 200-day moving average can serve as a useful technical analysis tool.
Exchange-traded funds (ETFs) operate similarly to stocks, with investors purchasing and selling “units” rather than traditional shares. These units can be traded back and forth but can also be created or destroyed based on investor demand. Each week, we monitor the fluctuations in shares outstanding to identify ETFs experiencing notable inflows or outflows. The creation of new units necessitates the purchase of underlying holdings, while unit destruction involves selling these holdings, which can impact the individual components within the ETFs.
Click here to discover which 9 other ETFs experienced notable inflows »
See Also:
- WSBF Split History
- FNJN Options Chain
- GLOP Videos
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
