iShares MSCI Canada ETF Sees $170.5 Million Weekly Outflow

This week, the iShares MSCI Canada ETF (Symbol: EWC) experienced significant changes in its shares outstanding, with an approximate outflow of $170.5 million. This represents a 6.6% drop from 65,300,000 shares to 61,000,000 shares week over week.

In the chart below, you can see EWC’s one-year price performance in comparison to its 200-day moving average:

According to the chart, EWC’s 52-week low stands at $35.74 per share, while its high reached $43.33. The most recent trade price is $39.44. For technical analysis, comparing the current price to the 200-day moving average can provide valuable insights — learn more about the 200-day moving average here.

Exchange-traded funds (ETFs) function similarly to stocks; however, investors are actually trading “units.” These units, like shares, can be bought and sold, and they can also be created or destroyed based on investor demand. Each week, we analyze the changes in shares outstanding to identify ETFs that are experiencing significant inflows (indicating new unit creation) or outflows (signifying unit destruction). When new units are created, the ETF’s underlying holdings must be acquired, whereas when units are destroyed, the underlying assets are sold. This dynamic can lead to meaningful impacts on the individual components held within ETFs.

Click here to discover which 9 other ETFs have experienced notable outflows.

Also see:

• PWR YTD Return
• DLNG Videos
• PHM 13F Filers

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.