Notable ETF Inflow Detected – IWM, SMCI, ELF, MSTR
From Nasdaq:
The iShares Russell 2000 ETF (IWM) saw a $718.5 million inflow, a 1.2% increase in outstanding units. Super Micro Computer Inc (SMCI) is up 7.3%, e.l.f. Beauty Inc (ELF) is flat, and MicroStrategy Inc. (MSTR) is up 6.3%. IWM’s 52-week range is $161.67 to $206.04, with the last trade at $204.73.
ETFs trade like stocks, with investors buying and selling “units.” Changes in shares outstanding signal inflows or outflows. Creation of units means purchasing underlying holdings, while destruction means selling. Visit ETFChannel to find out about other ETFs with notable inflows. Additional resources include ACTG YTD Return and SITC Next Dividend Date.
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