Recently, the iShares MSCI USA Momentum Factor ETF (Symbol: MTUM) has seen a significant influx of approximately $100.8 million. This marks a 1.1% surge in outstanding units from 53,200,000 to 53,800,000. Notably, the largest underlying components of MTUM have shown resilience in recent trading. Netflix Inc (Symbol: NFLX) has jumped around 1.2%, Alphabet Inc (Symbol: GOOG) traded flat, and Eaton Corp plc (Symbol: ETN) recorded an increase of about 0.2%.
The year-over-year price performance of MTUM indicates a compelling trend. When compared to its 200-day moving average, the ETF has demonstrated substantial consistency despite market volatility. MTUM hit a low of $132.05 per share within the past 52 weeks, reaching a high of $168.895 during the same period. The latest trade settled at $167.30. Comparing the current share price to the 200-day moving average serves as a valuable technical analysis technique.
ETFs like MTUM operate similarly to stocks, where investors trade “units” instead of traditional “shares.” These “units” are interchangeable akin to stock shares, but can also be created or dissolved based on investor demand. Monitoring the weekly changes in shares outstanding is crucial to identify substantial inflows or outflows in ETFs. Notable inflows can lead to the creation of new units, necessitating the purchase of underlying holdings within the ETF, thus impacting individual components held within ETFs.
For a comprehensive list of holdings within MTUM, interested parties can refer to the MTUM Holdings page. Additionally, by exploring other ETFs experiencing notable inflows, investors can gain further insights into market trends.