iShares Russell 2000 Growth ETF experiences $161.7 million outflow

The iShares Russell 2000 Growth ETF (IWO) has experienced a $161.7 million outflow, a 1.3% decrease week over week. The ETF's holdings include Credo Technology Group Holding Ltd (CRDO), Fabrinet (FN), and Ionq Inc (IONQ), which are up about 3%, up about 2.2%, and down by about 0.8%, respectively. The ETF's 52-week range is $219.19 to $317.62, and its current price is $295.01.

The iShares Russell 2000 Growth ETF (IWO) experienced a notable outflow of $161.7 million, representing a 1.3% decrease week-over-week. This decline, from 40,900,000 to 40,350,000 shares, was reported by ETF Channel [1]. Among the largest holdings, Credo Technology Group Holding Ltd (CRDO) rose by approximately 3%, Fabrinet (FN) increased by about 2.2%, and Ionq Inc (IONQ) fell by around 0.8% [1].

The ETF's 52-week range is between $219.19 and $317.62, with the current price at $295.01. The 200-day moving average serves as a useful technical analysis tool, and IWO's performance relative to this average can provide additional insights into its market position [1].

This week-over-week change in shares outstanding highlights the dynamic nature of ETFs, where the creation or destruction of units can significantly impact underlying holdings. For instance, the outflow from IWO may have led to the sale of its underlying components, potentially affecting the performance of CRDO, FN, and IONQ [1].

Investors should monitor such developments, as large inflows or outflows can influence the performance of individual ETF components. Further analysis of IWO's holdings and market trends can provide a more comprehensive understanding of its recent performance and potential future directions.

References:
[1] https://www.nasdaq.com/articles/noteworthy-etf-outflows-iwo-crdo-fn-ionq
[2] https://www.nasdaq.com/articles/insiders-buy-holdings-tecb-etf
[3] https://stockanalysis.com/etf/iwm/holdings/