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The iShares Biotechnology ETF (IBB) experienced a significant outflow of approximately $105.5 million in the past week, marking a 1.3% decrease in shares outstanding from 66 million to 65.15 million. This decline indicates investor caution amid varying market conditions.
IBB’s current trading price is $123.28, positioned toward the lower end of its 52-week range, which is $122.50 to $177.37. Its performance relative to its 200-day moving average can offer further technical insights for investors.
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