iShares ESG Advanced MSCI USA ETF Sees $122.4 Million Outflow

In the latest analysis of ETF shares, the iShares ESG Advanced MSCI USA ETF (Symbol: USXF) experienced a significant outflow of approximately $122.4 million. This marks a 9.5% decrease in shares outstanding, dropping from 25,350,000 to 22,950,000.

Leading components of USXF include Verizon Communications Inc (Symbol: VZ), down about 0.6%; Progressive Corp. (Symbol: PGR), down about 0.2%; and American Express Co. (Symbol: AXP), which is lower by about 0.4%. For a comprehensive list of holdings, see the USXF Holdings page.

The accompanying chart illustrates USXF’s price performance over the past year compared to its 200-day moving average.

USXF’s 52-week low stands at $40.01, while the 52-week high is $52.76. The latest trade price is $51.01. Comparing this share price to the 200-day moving average can be a valuable technical analysis method.

Exchange-traded funds (ETFs) operate similar to stocks, with investors buying and selling ‘units.’ Weekly monitoring of changes in shares outstanding reveals ETFs with significant inflows or outflows. Creating new units requires purchasing the ETF’s underlying holdings, while destroying units entails selling these holdings, impacting the individual components within the ETFs.

Click here to learn about nine other ETFs that also experienced notable outflows.

Also see:

• Cheap Growth Stocks
• BONE Split History
• BOOT Market Cap History

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