VGK Experiences $79.9 Million Outflow Amid Market Changes
Looking at the week-over-week changes in shares outstanding among the ETFs tracked by ETF Channel, the Vanguard FTSE Europe ETF (Symbol: VGK) stands out with an approximate outflow of $79.9 million. This represents a 0.5% decrease, reducing its shares from 260,010,804 to 258,831,487.
VGK’s share performance over the last year shows a 52-week low of $62.4642 and a high of $72.08, with the latest trade occurring at $68.19. Evaluating the recent share price against the 200-day moving average can provide valuable insights for technical analysis.
Exchange-traded funds (ETFs) function like stocks; however, investors trade in “units” instead of shares. These units can be created or destroyed based on investor demand. Each week, we examine the share outstanding changes to identify ETFs with significant inflows (increased units) or outflows (reduced units). The creation of new units necessitates buying underlying holdings, while unit destruction requires selling them. Therefore, large shifts can affect the individual components within ETFs.
Click here to find out which 9 other ETFs experienced notable outflows »
Also see:
SDOW market cap history
Institutional Holders of MSM
C Insider Buying
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
