Investors Push EWT Units Up by $129.3 Million
Looking into the changes in shares outstanding for exchange-traded funds (ETFs) this week, one notable case is the iShares MSCI Taiwan ETF (Symbol: EWT). This ETF experienced an influx of approximately $129.3 million, resulting in a 2.2% increase in outstanding units, which climbed from 103,700,000 to 106,000,000.
EWT has demonstrated intriguing price activity, with its lowest point in the past year recorded at $42.125 per share and the highest at $57.69. Its latest trading price stands at $56.43. Investors often compare the current share price to the 200-day moving average as part of their technical analysis, a method that can provide insights into price trends.
Exchange-traded funds (ETFs) function similarly to stocks, but when investors buy them, they are actually trading “units” instead of shares. These units can be exchanged like stocks but can also be created or eliminated based on market demand. Each week, we monitor changes in shares outstanding to identify ETFs that are experiencing significant inflows (creation of new units) or outflows (reduction of units). When new units are created, the ETF must buy underlying assets. Conversely, if units are destroyed, those assets are sold off. Consequently, substantial inflows or outflows can impact the individual holdings within the ETFs.
Click here to discover which other 9 ETFs had notable inflows »
Also see:
- SEC Filing Alerts Service
- Funds Holding AMN
- INFY Stock Predictions
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