Notable ETF Outflow Detected - IWM, OCN, ALK, TWO

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 2000 Index Fund (IWM) where we have detected an approximate $1.2 billion dollar outflow -- that's a 5.4% decrease week over week (from 232,650,000 to 220,100,000). Among the largest underlying components of IWM, in trading today Ocwen Financial Corp. (OCN) is off about 3.6%, Alaska Air Group, Inc. (ALK) is off about 2.5%, and Two Harbors Investment Corp (TWO) is lower by about 6.7%. For a complete list of holdings, visit the IWM Holdings page »

START SLIDESHOW:
Click here to find out which 9 other ETFs experienced notable outflows »

The chart below shows the one year price performance of IWM, versus its 200 day moving average:

iShares Russell 2000 Index Fund 200 Day Moving Average Chart

Looking at the chart above, IWM's low point in its 52 week range is $75.42 per share, with $100.38 as the 52 week high point — that compares with a last trade of $94.24. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».

Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.

null

More from Stocks

China Gives Tesla, Ford, General Motors and Trump One Awesome Present

China Gives Tesla, Ford, General Motors and Trump One Awesome Present

Oil Prices, China Tariffs, Micron and Kohl's - 5 Things You Must Know

Oil Prices, China Tariffs, Micron and Kohl's - 5 Things You Must Know

The Great American Supermarket No Longer Reigns Supreme

The Great American Supermarket No Longer Reigns Supreme

Kroger CEO: Even in the Age of Amazon, Physical Stores Will Still Be Important

Kroger CEO: Even in the Age of Amazon, Physical Stores Will Still Be Important

Cable Stock Investors Should Keep an Eye On Wireless Broadband's Rise

Cable Stock Investors Should Keep an Eye On Wireless Broadband's Rise