The iShares Expanded Tech-Software Sector ETF (IGV) experienced a $271.8 million outflow, a 2.7% decrease in shares outstanding week-over-week. Among its components, MSTR was up 0.4%, ADSK down 0.1%, and FTNT lower by 0.8%. IGV’s 52-week range is $76.68 to $117.99, currently trading at $115.69.

ETFs trade like stocks, with investors buying and selling units. Weekly monitoring of shares outstanding data reveals notable inflows and outflows. Creation of new units requires purchasing underlying holdings, while destruction involves selling. Check out other ETFs with significant outflows and top hedge funds holding DFLI and VTAK.

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Read more at Nasdaq: Notable ETF Outflow Detected – IGV, MSTR, ADSK, FTNT