iShares MSCI Japan ETF Sees $205.9 Million Inflow This Week
In recent ETF developments, the iShares MSCI Japan ETF (Symbol: EWJ) experienced a significant week-over-week increase in shares outstanding. The fund noted an inflow of approximately $205.9 million, representing a 1.4% rise in outstanding units, which grew from 201,450,000 to 204,300,000.
The accompanying chart illustrates the one-year price performance of EWJ against its 200-day moving average:
EWJ’s 52-week range indicates a low of $59.84 per share and a high of $73.24. The most recent trading price stands at $72.05. Investors may find comparing this latest price to the 200-day moving average useful for technical analysis.
Exchange-traded funds (ETFs) function similarly to stocks, but investors acquire “units” instead of “shares.” These units can be traded much like stocks and can also be created or destroyed based on investor demand. Each week, we track changes in shares outstanding data to identify ETFs with notable inflows or outflows. The creation of new units requires purchasing the underlying assets, while the destruction involves selling these assets. Therefore, significant flows can also affect the individual components held within the ETFs.
Find out which 9 other ETFs had notable inflows »
Also see:
- Energy Stocks Hedge Funds Are Buying
- Top Ten Hedge Funds Holding IMGN
- Institutional Holders of SSRG
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
