Exploring the Outflow Movement
Revisiting week-over-week shares outstanding changes within the realm of ETFs reveals a remarkable shift in the iShares MSCI USA Momentum Factor ETF (Symbol: MTUM). An approximate $351.8 million outflow has been uncovered, marking a noticeable 3.6% decrease from 52,800,000 to 50,900,000 shares.
Analyzing Market Performance
In today’s trading landscape, key underlying components of MTUM are showing promising signs. Advanced Micro Devices Inc (Symbol: AMD) is up by 2.2%, International Business Machines Corp (Symbol: IBM) shows a 0.1% uptick, and Applied Materials, Inc. (Symbol: AMAT) boasts a 1.6% increase.
Explore the entire list of holdings on the MTUM Holdings page »
Price Performance and Moving Averages
A visual representation of MTUM’s one-year price performance compared to its 200-day moving average is showcased in the chart below. The ETF experienced a 52-week low at $134.915 per share and reached a high point of $202.1399. The most recent trade was at $187.03. Understanding the current share price relative to the 200-day moving average serves as a valuable technical analysis tool.
Dive deeper into the significance of the 200-day moving average »
Intricacies of Exchange Traded Funds
ETFs, operating akin to stocks, involve the trading of ”units” instead of traditional ”shares”. These ”units” can be freely traded on the market with the flexibility for creation or destruction to match investor demand. Monitoring the weekly changes in shares outstanding data unveils shifts in ETFs, indicating notable inflows and outflows that impact underlying holdings.
Discover the 9 other ETFs experiencing significant outflows »
Further Reading:
• Unraveling the shares outstanding history of Franklin Resources
• Engage with TBB Videos for a unique perspective
• Delve into ASTX Historical Stock Prices for insightful data
