Week-Over-Week ETF Changes
Amid the vast array of Exchange-Traded Funds (ETFs) scrutinized at ETF Channel, one standout performer is the iShares MSCI USA Momentum Factor ETF, symbolized by MTUM. An eye-catching influx of approximately $123.0 million has been unearthed—this accounts for a 1.2% escalation week over week in outstanding units, soaring from 53,650,000 to 54,300,000 units.
In today’s trading domain, a glimpse at MTUM’s largest underlying components unfolds with Advanced Micro Devices Inc (AMD) marking a commendable uptick of about 2.3%. Conversely, Salesforce Inc (CRM) experiences a slight dip of roughly 0.3%, and Intuit Inc (INTU) tumbles by about 0.4%.
Performance Analysis
A visual representation reveals the year-long price performance of MTUM in contrast to its 200-day moving average through the chart below:
Reflecting on the graph, MTUM’s trajectory oscillates from its 52-week low of $134.915 per share to its 52-week acme of $190.63—culminating in a recent trade pegged at $188.93. This juxtaposition of the latest share price against the 200-day moving average can illuminate valuable insights for technical analysis enthusiasts.
ETFs mirror stock trading patterns, although investors partake in the buying and selling of “units” rather than shares. These “units” are transferrable akin to shares but also have the flexibility to be formed or eradicated based on investor requirements. Regular scrutiny of the week-over-week shift in shares outstanding data enables the identification of ETFs witnessing substantial inflows (indicating the creation of numerous new units) or outflows (signifying the destruction of many existing units).
Click here to pinpoint the other 9 ETFs embracing notable inflows »