Significant Week-Over-Week Decline
Looking at the recent changes in shares outstanding among various ETFs, the iShares ESG MSCI USA Leaders ETF (Symbol: SUSL) has seen noteworthy activity. This fund experienced an outflow of approximately $79.8 million, which translates to a 7.3% decrease in shares outstanding week over week, dropping from 10,300,000 to 9,550,000. Meanwhile, among the fund’s largest holdings, McDonald’s Corp (Symbol: MCD) rose about 0.5%, Morgan Stanley (Symbol: MS) gained approximately 0.8%, and Standard and Poor’s Global Inc (Symbol: SPGI) increased by about 0.6%. For more information on current holdings, visit the SUSL Holdings page.
Tracking Price Movements
The chart below illustrates the one-year price performance of SUSL alongside its 200-day moving average:
SUSL’s price fluctuated within a 52-week range, with a low of $79.31 per share and a high of $107.06. The most recent trade price was $106.20. Observing the relationship between the latest price and the 200-day moving average can provide valuable insight for technical analysis.
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Exchange-traded funds (ETFs) operate similarly to stocks, but investors trade “units” instead of traditional shares. These units can be bought and sold like stocks but can also be created or eliminated to match investor interest. Each week, we analyze the changes in shares outstanding to identify ETFs undergoing significant inflows (new units created) or outflows (units destroyed). When new units are created, the underlying assets of the ETF must be purchased, while selling existing units entails liquidating those assets, making large shifts influential on the individual components held within the ETFs.
Click here to see the nine other ETFs that experienced notable outflows.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
