The iShares U.S. Technology ETF (IYW) experienced a $406.6 million outflow, a 2.0% decrease week over week. Key components like Strategy Inc (MSTR), Western Digital Corp (WDC), and Fortinet Inc (FTNT) saw declines in trading. IYW’s 52-week range is $117.55 to $211.98, with the latest trade at $188.16.

Exchange traded funds (ETFs) function similarly to stocks, with investors trading “units” instead of shares. Weekly monitoring of share outstanding changes reveals notable inflows and outflows. Creation of new units involves purchasing underlying holdings, while destruction involves selling them. Check out which other ETFs had significant outflows this week.

Read more at Nasdaq: IYW, MSTR, WDC, FTNT: Large Outflows Detected at ETF