Notable ETF Outflow Detected - IYE Thursday, November 1, 11:34 AM ET, by Market News Video Staff Symbols mentioned in this story: IYE Exchange traded funds (ETFs) trade just like stocks, but ...
Noteworthy ETF Outflows: IYE Thursday, November 8, 11:06 AM ET, by Market News Video Staff Symbols mentioned in this story: IYE Exchange traded funds (ETFs) trade just like stocks, but ...
XOM Crosses Below Key Moving Average Level Wednesday, November 14, 2:15 PM ET, by Market News Video Staff In trading on Wednesday, shares of Exxon Mobil Corp. (XOM) crossed below their 200 day ...
IYE Crosses Critical Technical Indicator Friday, November 16, 11:51 AM ET, by Market News Video Staff In trading on Friday, shares of the iShares Dow Jones U.S. Energy Sector Index Fund ...
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.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Dow Jones U.S. Energy Sector Index Fund (AMEX:IYE) where we have detected an approximate $27.5 million dollar outflow -- that's a 3.1% decrease week over week (from 22,550,000 to 21,850,000).
The chart below shows the one year price performance of IYE, versus its 200 day moving average:
Looking at the chart above, IYE's low point in its 52 week range is $31.44 per share, with $45.69 as the 52 week high point — that compares with a last trade of $38.65. 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 ».
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