iShares MSCI Brazil ETF Experiences Big Outflow
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 26 2024
0mins
Source: NASDAQ.COM
- EWZ Stock Analysis: EWZ's 52-week range is $26.835 to $35.74 per share, with the last trade at $27.24. Comparing the share price to the 200-day moving average is a useful technical analysis technique.
- ETF Trading: Exchange-traded funds (ETFs) trade like stocks, where investors buy and sell "units." These units can be traded back and forth or created/destroyed based on investor demand.
- Monitoring ETFs: Weekly monitoring of changes in shares outstanding data helps track ETFs experiencing notable inflows (new units created) or outflows (old units destroyed).
- Impact of Flows: Creation of new units requires purchasing underlying holdings, while destruction involves selling them, impacting individual components held within ETFs.
- Disclaimer: The views and opinions expressed are those of the author and may not reflect those of Nasdaq, Inc.
Analyst Views on EWZ
Wall Street analysts forecast EWZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EWZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 35.020
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Current: 35.020
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
