Notable Growth in Units Reflects Investor Confidence
This week, the iShares Core MSCI Europe ETF (Symbol: IEUR) stands out in the ETF market, noting a substantial inflow of approximately $206.4 million. This inflow represents a 4.5% increase in shares outstanding, escalating from 78,100,000 to 81,600,000 units.
The chart below illustrates IEUR’s price performance over the past year alongside its 200-day moving average:
Over the last year, IEUR has experienced a 52-week low of $47.105 per share and a high of $61.81. Its latest trading price stands at $59.13. Analyzing recent prices against the 200-day moving average can provide further insights into market trends.
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Exchange-traded funds (ETFs) function like stocks, but instead of “shares,” investors buy and sell “units.” These units can be created or destroyed based on investor demand. Each week, we analyze changes in shares outstanding to monitor ETFs with significant inflows (new units created) or outflows (units diminished). The creation of new units requires the purchase of underlying holdings, while unit destruction entails selling off assets, potentially affecting the individual components of ETFs.
Click here to discover which 9 other ETFs had notable inflows »
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
