Large outflows detected in IGV ETF with SNPS and MSTR down, ADSK slightly up.

From Nasdaq Corporation

January 27, 2025 10:53:00 AM:

The iShares Expanded Tech-Software Sector ETF (IGV) experienced a $114.2 million outflow, a 1.1% decrease in shares outstanding. Among its components, Synopsys Inc (SNPS) is down 5.2%, MicroStrategy Inc. (MSTR) is down 1.8%, and Autodesk Inc (ADSK) is up 0.4%. The chart shows IGV’s one-year price performance.

IGV’s 52-week range is $75.96 to $110.84 per share, currently trading at $103.39. Understanding the 200-day moving average is crucial for technical analysis. ETFs like IGV trade units, not shares, which can be created or destroyed based on investor demand, impacting the ETF’s underlying holdings.

For more ETF news and insights, visit ETF Channel to learn about ETFs experiencing notable inflows or outflows. Stay informed about ETF trends and changes in shares outstanding data. Remember, ETFs trade units like stocks, with inflows and outflows affecting underlying holdings.

Read more at Nasdaq: IGV, SNPS, MSTR, ADSK: Large Outflows Detected at ETF