Elmer Phud
12 years ago
iShares MSCI Australia Index Fund (NYSE: EWA) CASSH's commodity reputation is extended by Australia . The retreat from the risk-on trade hampered the iShares MSCI Australia Index Fund earlier this year. That is to be expected when an ETF devotes more than 22 percent of its weight to materials equities. BHP Billiton (NYSE: BHP), the world's largest mining company, is EWA''s top holding.
EWA rose moderately over the past 90 days, gaining 2.7 percent. As risk appetite has crept back into the market over the past month, EWA has surged 8.5 percent. In addition, EWA has a trailing 12-month yield of about 4.7 percent.
Elmer Phud
12 years ago
EWA: ETF Outflow Alert
ETFChannel.com ETFChannel.com, Contributor
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI Australia Index Fund (AMEX: EWA) where we have detected an approximate $20.9 million dollar outflow โ thatโs a 0.9% decrease week over week (from 106,600,000 to 105,600,000).
The chart below shows the one year price performance of EWA, versus its 200 day moving average:
iShares MSCI Australia Index Fund 200 Day Moving Average Chart
Looking at the chart above, EWAโs low point in its 52 week range is $18.91 per share, with $26.29 as the 52 week high point โ that compares with a last trade of $21.24. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique โ learn more about the 200 day moving average ».
Special Offer: Find out what Dave Moenning is holding in the ETF Channel Flexible Growth Investment Portfolio with a special 20% off coupon from Forbes and 30 Days Free.
Exchange traded funds (ETFs) trade just like stocks, but instead of โsharesโ investors are actually buying and selling โunitsโ. These โunitsโ can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.