The iShares U.S. Home Construction ETF (ITB) experienced a significant outflow of approximately $148.8 million, representing a 6.0% decrease in shares outstanding from 27.3 million to 25.65 million over the past week. This sharp decline highlights changing investor sentiment in the home construction sector.
As of the latest trade, ITB’s share price stands at $89.35, within a 52-week range of $84.98 to $118. The ETF’s performance is positioned against its 200-day moving average, with the recent price notably below this benchmark.
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