Large Inflows Detected at iShares Russell 2000 ETF (IWM)

The iShares Russell 2000 ETF (IWM) has experienced a $1.7 billion inflow, a 2.6% increase in outstanding units. Among the underlying components, Credo Technology Group Holding Ltd (CRDO) is up 1.1%, Fabrinet (FN) is down 0.2%, and Nextracker Inc (NXT) is up 0.3%. The ETF's one-year price performance shows a low point of $171.73 and a high point of $244.98, with a last trade of $235.37.

The iShares Russell 2000 ETF (Symbol: IWM) has experienced a notable inflow of $1.7 billion, representing a 2.6% increase in outstanding units week over week. This significant inflow, from 280,350,000 to 287,500,000 units, highlights growing investor confidence in the ETF and its underlying components [1].

Among the largest holdings in IWM, Credo Technology Group Holding Ltd (Symbol: CRDO) saw an increase of 1.1% in its share price. Credo Technology Group is a Cayman Islands-based holding company specializing in high-speed connectivity solutions for data infrastructure markets. Its products include integrated circuits, active electrical cables, and SerDes Chiplets, which are crucial for optical and electrical Ethernet applications [2].

Fabrinet (Symbol: FN), another significant holding in IWM, saw a slight decrease of 0.2% in its share price. Fabrinet is a global provider of electronic packaging solutions, focusing on advanced packaging and interconnect solutions for semiconductor devices.

Nextracker Inc (Symbol: NXT), known for its solar tracking systems, experienced a 0.3% increase in its share price. Nextracker's technology enhances solar panel efficiency, making it a key player in the utility-scale solar market [3].

The one-year price performance of IWM shows a low point of $171.73 and a high point of $244.98, with a last trade of $235.37. Comparing the most recent share price to the 200-day moving average can provide valuable insights into the ETF's technical performance.

ETFs trade like stocks, with investors buying and selling units rather than shares. The creation or destruction of these units can impact the underlying holdings, as seen in the notable inflows experienced by IWM. For a complete list of holdings and further analysis, visit the IWM Holdings page [1].

References:
[1] https://www.nasdaq.com/articles/iwm-crdo-fn-nxt-large-inflows-detected-etf
[2] https://www.marketscreener.com/news/credo-technology-reaches-settlement-with-volex-over-active-electrical-cable-patent-infringement-disp-ce7c50d9da8af72c
[3] https://www.nasdaq.com/articles/zacks-investment-ideas-feature-highlights-solaredge-technologies-nextracker-sunrun-array