Looking at the change in shares outstanding by week for the universe of ETFs covered today, ETF channel, which stands out is the iShares Core Aggressive Allocation ETF (symbol: AOA), which detected an outflow of approximately $97.4 million. This is a 5.8% decrease week by week (from 26,800,000 to 25,250,000). Among AOA’s largest constituents, Stryker Corp (symbol: SYK) was up about 1.4% in today’s trading, Marsh & McLennan Companies Inc. (symbol: MMC) was up about 0.4%, and Vertex Pharmaceuticals, Inc. (symbol: VRTX) is about 0.6% higher. For a complete list of holdings, visit the AOA Holdings page »
The chart below shows AOA’s one-year price performance against the 200-day moving average.
Looking at the chart above, AOA has a 52-week range low of $54 per share and a 52-week high of $71.01. Comparing the latest stock price to the 200-day moving average can also be a useful technical analysis technique. 200 day moving average details ».
Exchange traded funds (ETFs) trade like stocks, but investors are actually buying and selling “units” rather than “shares”. These “units” can be traded back and forth like stocks, but can also be created or destroyed to meet investor demand. Monitor weekly changes in number of shares outstanding to monitor ETFs that are experiencing significant inflows (many new units created) or outflows (many old units destroyed) each week doing. Creation of a new unit means that the underlying holdings of the ETF have to be purchased, whereas destruction of the unit involves the sale of the underlying holdings, so large flows are not held within the ETF. Individual components may also be affected.
The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.
https://www.nasdaq.com/articles/aoa-syk-mmc-vrtx:-large-outflows-detected-at-etf AOA, SYK, MMC, VRTX: Massive exfiltration detected in ETFs