Looking at recent developments in ETF trading, the iShares MSCI Japan ETF (Symbol: EWJ) has caught attention due to an outflow totaling approximately $224.5 million. This represents a decrease of 1.6% week over week, dropping shares outstanding from 211,500,000 to 208,200,000.
The accompanying chart highlights EWJ’s price performance over the past year in relation to its 200-day moving average. The ETF reached a low of $59.51 per share and hit a high of $73.24 over the last 52 weeks. With the last recorded trade at $68.77, this positioning provides investors with key insights into market trends.
Analyzing the share price against the 200-day moving average is a common strategy among traders. Such comparisons can reveal important market sentiment and potential trading opportunities.
Exchange-traded funds (ETFs) function similarly to stocks; however, investors trade “units” rather than shares. These units can be created or destroyed based on market demands. Each week, we closely examine the changes in outstanding shares to identify ETFs undergoing significant inflows or outflows. When new units are created, the underlying assets of the ETF must be purchased. Conversely, unit destruction implies that holdings will be sold, which could influence the performance of each component within the ETF.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
• Stocks with Recent Secondaries That Hedge Funds Are Buying
• CME Group Stock Split History
• Institutional Holders of KNDI
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
