In the past week, there has been a notable outflow of approximately $43.0 million in the Invesco Russell 1000—Dynamic Multifactor ETF (OMFL). This represents a decrease of 0.7% in the number of outstanding shares. Some of the major components of OMFL, such as Western Digital Corp (WDC), Hewlett Packard Enterprise Co (HPE), and Builders FirstSource Inc. (BLDR) have seen an increase in their stock prices. OMFL’s one-year price performance compared to its 200-day moving average shows a range from $43.0939 to $55.33 per share, with the last trade at $54.49. ETFs trade like stocks, with investors buying and selling “units” that can be traded back and forth.
Monitoring weekly changes in outstanding shares can help identify ETFs experiencing notable inflows or outflows. Large flows in an ETF may lead to the creation or destruction of units, impacting the underlying holdings of the ETF. For more information on ETFs experiencing notable outflows, click here. Some other relevant links include information on VMOT holding funds, CIIG holding funds, and CPSS institutional holders.
The author’s views and opinions expressed in this article do not necessarily reflect those of Nasdaq, Inc.
Article Source
https://www.nasdaq.com/articles/omfl-wdc-hpe-bldr:-etf-outflow-alert
