Looking today at week-over-week shares outstanding changes among
the universe of ETFs covered at
, one standout is the iShares U.S. Oil & Gas Exploration &
Production ETF (Symbol: IEO) where we have detected an approximate
$39.8 million dollar outflow -- that's a 9.1% decrease week over
week (from 5,500,000 to 5,000,000). Among the largest underlying
components of IEO, in trading today Phillips 66 (Symbol: PSX) is
down about 1.1%, Anadarko Petroleum Corp (Symbol: APC) is trading
flat, and Valero Energy Corp. (Symbol: VLO) is lower by about 1.9%.
The chart below shows the one year price performance of IEO, versus
its 200 day moving average:
Looking at the chart above, IEO's low point in its 52 week range is
$66.15 per share, with $84.99 as the 52 week high point - that
compares with a last trade of $78.97. 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.
Click here to find out which 9 other ETFs
experienced notable outflows »