The iShares MSCI Japan ETF (Symbol: EWJ) experienced a significant outflow of approximately $100.7 million in the last week, marking a 0.6% decrease in shares outstanding from 234 million to 232.5 million. The data was reported today, highlighting a trend in investor behavior towards this particular exchange-traded fund.
Over the past year, EWJ’s shares have fluctuated between a low of $57.20 and a high of $72.065, with the latest trading value at $66.95. This decline in shares outstanding could have implications for the ETF’s underlying holdings, given the connection between unit creation and the need to buy underlying shares.
