iShares Russell 2000 Growth ETF Experiences Big Outflow

explosive growth image

From ETF Channel: 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 Russell 2000 Growth ETF (IWO) where we have detected an approximate $147.4 million dollar outflow — that’s a 1.6% decrease week over week (from 49,900,000 to 49,100,000). Among the largest underlying components of IWO, in trading today Etsy Inc (ETSY) is down about 1.9%, Integrated Device Technology Inc (IDTI) is trading flat, and Five Below Inc (FIVE) is lower by about 3.9%. For a complete list of holdings, visit the IWO Holdings page »

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

iShares Russell 2000 Growth ETF 200 Day Moving Average Chart

Looking at the chart above, IWO’s low point in its 52 week range is $175.64 per share, with $220.82 as the 52 week high point — that compares with a last trade of $182.09. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique

The iShares Russell 2000 Growth ETF (IWO) was trading at $182.33 per share on Thursday afternoon, down $2.08 (-1.13%). Year-to-date, IWO has declined -2.19%, versus a 0.13% rise in the benchmark S&P 500 index during the same period.

IWO currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #1 of 17 ETFs in the Small Cap Growth ETFs category.

This article is brought to you courtesy of ETF Channel.