IWS, SRE, CI, NBL: ETF Outflow Alert

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell Mid-Cap Value ETF ( IWS) where we have detected an approximate $68.4 million dollar outflow -- that's a 1.3% decrease week over week (from 83,700,000 to 82,600,000). Among the largest underlying components of IWS, in trading today Sempra Energy ( SRE) is down about 0.6%, Cigna Corp ( CI) is trading flat, and Noble Energy, Inc. ( NBL) is up by about 1.8%. For a complete list of holdings, visit the IWS Holdings page »

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

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

iShares Russell Mid-Cap Value ETF 200 Day Moving Average Chart

Looking at the chart above, IWS's low point in its 52 week range is $46.74 per share, with $62.62 as the 52 week high point — that compares with a last trade of $62.08. 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 ».
Earn a FREE $100 Membership to ValueForum, Just By Telling Us About Your Favorite Stock! (Offer ends 11/10/2013)

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.


If you liked this article you might like

IWS, SRE, CI, CAH: Large Inflows Detected At ETF

IWS, SRE, CI, CAH: ETF Inflow Alert

Can Online Services Replace Merrill Lynch?

Selling Before Russell Rebalance

Buyout Bust? Steer Clear of Private-Equity ETF

Buyout Bust? Steer Clear of Private-Equity ETF