Investors Pull $233 Million from iShares MSCI Emerging Markets ex China ETF
Recent data from ETF Channel reveals a significant change in shares outstanding for the iShares MSCI Emerging Markets ex China ETF (Symbol: EMXC). This ETF has experienced an outflow of approximately $233.4 million, representing a 1.6% decrease week over week. The shares outstanding fell from 262,900,000 to 258,600,000.
Performance of Underlying Holdings
In today’s trading, key components of the EMXC include Nu Holdings Ltd (Symbol: NU), which is up around 0.2%, CrediCorp Ltd. (Symbol: BAP), down by about 0.4%, and Southern Copper Corp (Symbol: SCCO), which has seen a 0.2% increase. For a comprehensive list of holdings, visit the EMXC Holdings page.
Price Trends and Moving Averages
The chart below illustrates the one-year price performance of EMXC compared to its 200-day moving average:
Currently, EMXC’s 52-week price range spans from a low of $49.60 per share to a high of $63.17. Its latest closing price stands at $54.24. This comparison of the most recent share price to the 200-day moving average serves as a valuable technique in technical analysis, which can provide insights into market trends.
Understanding ETF Dynamics
Exchange-traded funds (ETFs) operate similarly to stocks, with investors buying and selling “units.” These units are traded like shares, yet can also be created or destroyed based on investor demand. Each week, we assess the changes in shares outstanding to identify those ETFs that are seeing significant inflows (new units created) or outflows (existing units destroyed). The creation of new units necessitates the purchase of underlying assets, whereas the destruction of units entails selling those assets. Consequently, substantial flows can affect the individual components held within ETFs.
Click here to discover which other ETFs are experiencing notable outflows »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
